ST Poten is a listed company engaged in environmental protection business, but it is actually a "master of counterfeiting".
From 2017 to 2021, the company inflated or inflated its operating income and profits through various means, resulting in false records in the annual report, involving an amount of nearly 2 billion yuan.
This kind of behavior is a serious violation of the ** Listing Rules and touches on the situation of forced delisting in a material violation of the law. The management imposed administrative penalties on the company and its related personnel, fined a total of 13 million yuan, and decided to terminate the company's ** listing.
The first point is, why does the stock price of such a fraudulent company still appear "earth and sky"? What's the mystery behind this?
This is because there are some speculators in the market, who take advantage of the low price and high turnover rate of *ST Potian to carry out ** operations, trying to profit from them, so that the stock price soars against the market.
This kind of behavior is irrational and illegal, because it violates the provisions of the law, disrupts the market order, and damages the interests of the majority of investors.
The second point is, why can such a fraudulent company be listed for so long?
China's delisting system is still improving, and the penalties imposed by the regulatory authorities on listed companies that violate major laws have nothing to fear. In addition, the delisting process is not fast enough, giving these companies the opportunity to exploit loopholes.
It is necessary to strengthen the supervision of listed companies, improve the efficiency of delisting, clean up these "black sheep", and maintain the fairness of the market.
My conclusion is that the delisting of *ST Poten is a heavy blow to major violations of the law by the A** field, and it is also an emphasis on the rights and interests of investors.
In my opinion, this is a positive signal that the management is constantly strengthening the regulation and governance of the market, improving the quality of listed companies, and maintaining the fairness and order of the market.