On the evening of June 17, two listed companies decided to terminate their listings.Jinya science and technologyAnnouncement, the Shenzhen Stock Exchange finally made a decision to maintain the termination of the listing of Jinya Technology stocks, which is the final decision.* ST MeiduAccording to the announcement, the Shanghai Stock Exchange has decided to terminate the listing of the company's shares, which will enter the delisting period on June 29. IPO fraud, Jinya Technology termination of listing is the final decision

Jinya Technology announcement, the Shenzhen Stock Exchange finally made a decision to maintain the termination of the listing of Jinya Technology shares, the decision is the final decision.

According to the announcement, the company's shares will enter the delisting period from June 18, 2020. During the delisting period, the company's shares entered the delisting board and no longer revealed in the gem market that the company's securities were changed to "Jinya retreat" for short, and the rise or fall was limited to 10%. The opening reference price on the first day of the delisting period is 0.77 yuan, the delisting period is 30 trading days, and the final trading date is expected to be July 31, 2020. During the delisting period, the company's shares suspended throughout the day will not be included in the delisting period.

It should also be noted that after the company's shares are delisted, they will not be able to re-list. The majority of investors should pay attention to risks and invest rationally.

It is reported that Jinya Technology was once a first-class digital television system service provider in China and one of the first 28 listed companies on the gem. Face delisting due to fraudulent issuance in 2018.

On June 4, 2015, Jinya Technology was filed for investigation by the Securities Regulatory Commission on suspicion of securities violations.

On June 9, 2015, Jinya Technology suspended its trading for self-examination and resumed trading on March 30 of the following year, during which it experienced the resignation of the chairman, the cancellation of wholly-owned subsidiaries, the termination of major asset restructuring, and the correction of major accounting errors in 2014.

On June 26, 2018, the CSRC revealed that in order to meet the conditions for listing, Jinya Technology fraudulently obtained IPO approval by falsely increasing revenue and profits by means of fictitious customers, fictitious business, forged contracts and fictitious payback. Among them, the amount of inflated profits from January to June 2009 reached 37.36 million yuan and 22.87 million yuan respectively, accounting for 85% and 109% of the publicly disclosed profits in the current period, respectively. The above acts are suspected to constitute the crime of fraudulently issuing shares. The investigation also found that Jinya Technology and related personnel are also suspected of forging financial bills, misappropriating funds, illegal disclosure, non-disclosure of important information and other crimes. In accordance with the provisions on the transfer of suspected Criminal cases by Administrative Law Enforcement organs (decree No. 310 of the State Council), the CSRC held a special meeting with the public security organs. it was decided to transfer Jinya Technology and related personnel suspected of fraudulent issuance and other crimes to the public security organs for criminal responsibility in accordance with the law.

On May 13, 2019, Jinya Technology suspended its listing because of negative audited net profit for three consecutive fiscal years in 2016, 2017 and 2018.

The 2019 annual report disclosed by Jinya Technology on April 28, 2020 shows that its net profit is-39.2229 million yuan and the net profit after deducting non-recurrent gains and losses is-39.9898 million yuan, both of which are negative, triggering delisting conditions.

On May 14, 2020, Shenzhen Stock Exchange decided to terminate the listing of the company's shares.

On June 2, 2020, before the final decision, Jinya Technology submitted an application for review for the following main reasons:

First, Jinya Science and Technology announcement has been transferred to the public security organ on suspicion of fraudulently issuing shares, and the investigation has not yet been completed. It is not clear whether the performance losses reflected in Jinya Technology's annual report from 2016 to 2019 are true. Violations such as Zhou Xuhui, the actual controller, and the company's fraudulent issuance may affect Jinya Technology's judgment of performance losses from 2016 to 2019. The Shenzhen Stock Exchange's decision to terminate the listing based on Jinya Technology's annual report from 2016 to 2019 is not fair.

Second, some shareholders of Jinya Technology believe that Zhou Xuhui's failure to provide the company with guaranteed assets to ensure the fulfillment of the promise and malicious non-performance of the promise are the reasons for Jinya's losses from 2016 to 2019. Jinya Technology shareholders have filed a lawsuit with the court, demanding that Zhou Xuhui, the actual controller, fulfill his promise and pay compensation to Jinya Science and Technology, and the court is currently filing a case for acceptance. During the filing period, the Shenzhen Stock Exchange was unable to make a decision to terminate the listing, so it applied to revoke the decision on the termination of the listing of the shares of Jinya Technology Co., Ltd. (Shenzhen Stock Exchange No. 2020).

Shenzhen Stock Exchange responded that the Appeal Review Board held that after Jinya Technology's audited net profit was suspended for three consecutive years from 2016 to 2018, its audited net profit and net profit after deducting non-recurring gains and losses in 2019 were negative, touching the termination of the listing of stocks under Rule 13.4.1 (II) of the gem listing rules (revised in November 2018). This ownership decides to terminate the listing and trading of its shares. Shenzhen Stock Exchange has made the decision to terminate the listing of shares in Jinya Science and Technology. The facts are clearly established, the rules are based on sufficient basis, the implementation procedures are standardized, and there is nothing improper, and should be maintained.

Data show that as of the end of the first quarter of this year, Jinya Technology still has 44900 shareholders. Mergers and acquisitions caused huge losses, * ST Meidu became the third denominated delisted stock this year.

* ST Meidu announced on the evening of the 17th that the Shanghai Stock Exchange has decided to terminate the listing of the company's shares, and the company's shares will enter the delisting period of trading on June 29. * ST Meidu has become a successor.ST sharp electricityAfter Zhongguang Tianmao, the third delisted stock in face value this year.

The company's shares will enter the delisting period from June 29, 2020, and will be delisted by the Shanghai Stock Exchange within 5 trading days after the delisting period expires, and the company's shares will be terminated. At that time, * ST will be changed to "delisted Medu" for short, and will be traded on the risk warning board of the Shanghai Stock Exchange, with a daily limit of 10 per cent. Based on the projection that the delisting period is 30 trading days, without taking into account the all-day suspension, the final trading date of * ST is expected to be August 7. If the securities trading date is adjusted, the final trading date of the delisting period of * ST will be extended accordingly.

On May 27th, * ST Meido closed at 0.41 yuan per share, below the par value of the stock for 20 consecutive trading days, triggering the termination of listing conditions, and the company's shares began to be suspended on May 28th. Data show that * ST Meidu currently has a total market capitalization of 1.47 billion yuan.

Data show that * ST Meidu went public in 1999 and has been on the market for 21 years.

* ST Meidu focuses on energy and real estate development and operation, and is involved in trade, hotel services, finance and quasi-finance, equity investment and other fields. Since the end of 2016, * ST has launched large-scale mergers and acquisitions in order to transform new business. November 2016, September 2017 and October 2017, it announced the acquisition or additional investment of 49.597% of Shanghai Delang Neng Power Battery Co., Ltd., Zhejiang Meidu Haichuang Lithium Technology Co., Ltd., and Shandong Ruifu Lithium Industry Co., Ltd., with 397 million yuan, 240 million yuan and 2.906 billion yuan, respectively.

However, the above-mentioned companies failed to meet their performance commitments in 2018 and 2019. In 2018 and 2019, * ST Meidu suffered losses for two consecutive years, with huge losses of 1.096 billion yuan and 831 million yuan respectively. On May 6, 2020, * ST Meidu was crowned because its net profit was negative for two consecutive years.

It is worth noting that unlike some companies whose books have been close to "empty shell" before, * ST Meidu still has a large revenue scale.

According to the company's financial report, in 2018, the company's revenue fell 18.63% from the same period last year, with a revenue scale of 5.274 billion yuan. In 2019, the company's revenue declined further, but the scale was still 3.466 billion yuan. However, after a continuous decline in revenue, the company began to lose money in a row, with a net profit of 1.096 billion yuan in 2018 and 831 million yuan in 2019.

Data show that * ST Meidu's largest shareholder is the natural person Wen Zhanghua, who is also the controlling shareholder and the actual controller.

For * ST Meidu shareholders, the delisting consolidation period will also be the last trading day in A shares. Data show that as of the end of the first quarter of this year, * ST had 131700 shareholders.

By the end of the first quarter of this year, the company's top 10 shareholders included a number of limited partnerships, in addition to a trust scheme, andBeijing Capital DevelopmentHolding (Group) Co., Ltd.

It is worth noting that CSC, which holds 61.7851 million shares, is also among the top 10 shareholders. However, it is not known whether the margin has been reduced since the second quarter.