Storm Group has come to an end in A-share!

Today, the last day of the delisting period of Storm Group, after today, the stock (currently referred to as Storm retreat) will be separated from A shares, delisted and delisted! On the market, after the storm flattened, the shock fell, and closed down 3.45% at 0.28 yuan.

From a peak of 123.83 yuan at the time of listing in 2015 to a low of 0.27 yuan in intraday trading today, the stock price fell by 99.78%, which can be called the worst in history.

The storm has suspended trading since July 1 this year, and then plummeted during the delisting period. At the end of June this year, the number of shareholders was 68600, compared with 63500 at the end of the third quarter.

Say goodbye to A-shares: the biggest drop is 99.8% when the storm falls back to its high level.

The company's shares have been decided by the Shenzhen Stock Exchange to terminate the listing. Storm retreated shares entered the delisting period on September 21, 2020, and the company's shares will be delisted after 30 trading days of delisting.

Today is the last trading day of the delisting period. The final close fell 3.45% to 0.28 yuan, leaving the market capitalization of only 92.27 million yuan, less than 100 million yuan.

After its listing in March 2015, Storm Group was violently pulled up and was known as the king of new shares. At that time, the share price reached as high as 327.01 yuan. After high delivery, it fell as low as 0.27 yuan in intraday trading today, down 99.78 percent from the previous high of 123.83 yuan.

Although delisted stocks have often plummeted 99% from their highs in the past two years, the highest decline of 99.78% like the storm retreat is also a record.

A generation of new stock king: once soared by 44.8 times

The Storm Group is now called Storm retreat, and everyone is well known as Storm Player, who used to watch videos. He went public in the first half of 2015 and became the king of new shares.

In the great bull market in the first half of 2015, Storm Group, which was listed in the bull market, won the title of king of new shares by virtue of the 29-word limit.

On March 24th, 2015, Storm Group went public with an offering price of 7.14 yuan, which first rose 29 times in a row, and then continued to soar, rising to 327.01 yuan in a short period of time, with the share price rising as much as 44.80 times.

39.1 billion of the market capitalization went up in smoke.

The market capitalization of Stormwind Group reached 39.2 billion yuan in the first half of 2015, but now it has a market capitalization of less than 100 million yuan, and 39.1 billion yuan has gone up in smoke.

Unable to re-list after delisting: what are investors worried about?

Storm retreat belongs to gem stocks, which can no longer be listed after delisting.

Feng Tui said that according to the relevant regulations of the Shenzhen Stock Exchange, the gem does not accept applications for re-listing of the company's shares, so after the company's shares are delisted, they will not be able to re-list on the gem. The company said that the shares will enter the conversion system after the termination of the listing (after delisting).

Some investors are concerned about what to do with the money after delisting.

Annual report of dystocia, staff turnover, wage arrears

After 2015, the situation of Storm Group took a sharp turn for the worse after 2016. Feng Xin's arrest is directly related to the 2016 acquisition of European sports rights agency MP&Silva by Storm Group and Everbright Capital.

According to Storm Group's reply, in October 2019, the then Chief Financial Officer of Storm Group applied to resign as Chief Financial Officer for personal reasons. Since then, the company has been looking for a candidate for chief financial officer, but so far there have been no results due to poor operating conditions, unpaid wages, too much negative news and so on.

In November 2019, the auditor resigned from his job as an auditor in the 2019 annual report of Storm Group. since then, Storm Group has solicited cooperation intentions from other institutions through various channels and contacted more than a dozen audit institutions, but there has been no result due to a variety of reasons.

Up to now, Storm Group has not completed the appointment of the chief financial officer, and there is no cooperative annual report audit institution for 2019. Based on this, Storm Group was unable to disclose the 2019 annual report within the legal time limit, nor did it disclose the first quarter report of 2020 within the prescribed time limit.

According to the previous announcement, the net assets of the consolidated financial statements of Storm Group belonging to the owners of the parent company on September 30, 2019 are-633.4499 million yuan (unaudited), and there is a risk that the net assets belonging to the shareholders of the listed company at the end of 2019 will be negative.

On June 6, 2019, Storm Group received an "award" served by Beijing Arbitration Commission, ruling that Storm Group paid a total of 470 million yuan in transfer price and liquidated damages to Shanghai Gefei Asset Management Co., Ltd. Storm Group said there was a legal risk that the company would not be able to pay the above fees.

In addition, on February 10, 2020, Storm Group and Beijing Fashion online Technology Co., Ltd. signed a cooperation agreement and attachments. during the performance of the contract, there are uncertainties or risks in laws, regulations, policies, technology, market and other aspects. at the same time, it may also face risks caused by unexpected accidents and other force majeure factors. Storm Group continues to lose a large number of employees, at the same time, there are arrears of wages for some employees.

The founder was jailed.

On the evening of July 28, 2019, listed company Storm Group (300431) issued a notice saying that Feng Xin, the actual controller of Storm Group, had been taken compulsory measures by the public security organs on suspicion of committing a crime, and that related matters had yet to be further investigated by the public security organs.

Feng Xin, founder of Storm Group, has made new progress after a year of detention.

On the evening of July 31 this year, Storm Group announced that it had recently learned through Mr. Feng Xin's defenders that the people's Procuratorate of Jing'an District of Shanghai had prosecuted Mr. Feng Xin, the legal representative of the company, on suspicion of bribing non-state staff.

The web page is empty.

The website of Storm Group, Storm Player's web page is empty, and the link can not be found.