Beijing Business Daily (Reporter Ma Changchang) Another A-share company has been locked in and delisted. On the evening of March 7, ST Guiren (603555) disclosed that as of March 7, the company's *** price was 067 yuan shares, has been less than 1 yuan for 20 consecutive trading days, has reached the trading delisting index, the company's ** since March 8 suspended.
ST Guiren said that the Shanghai Stock Exchange will issue a prior notice to the company of its intention to terminate the listing within 5 trading days after the company touches the trading delisting situation. The SSE will make a decision on whether to terminate the listing of the company within 15 trading days after the date on which the company touches the trading delisting situation, based on the review opinion of the listing committee. If the company applies for a hearing with the SSE, the period from the receipt of the company's hearing application by the SSE to the end of the hearing procedure shall not be included in the aforesaid time limit.
In the secondary market, from February 1 to March 7 this year, ST Guiren's stock price was lower than 1 yuan for 20 consecutive trading days, and it has fallen for 7 consecutive trading days between February 28 and March 7. As of March 7**, ST Guiren's share price was 067 yuan shares, with a total market capitalization of 105.3 billion yuan.
It is understood that ST Guiren landed on the main board of the Shanghai Stock Exchange in 2014 and became the first domestic sports brand listed on the A-share market, and invited Andy Lau, Cecilia Cheung, Lin Chiling and other stars to serve as spokespersons.
According to the 2022 annual report, ST Guiren's main business is sports shoes and apparel business, investment promotion and agency operation business and food ** business, and the industries in which it is located are mainly sports shoes and clothing industry and food ** industry.
However, in September 2023, ST Guiren disclosed that in view of the declining revenue and continuous losses of the sports shoes and apparel business since the judicial reorganization, and the increasingly fierce market competition, the company will optimize and adjust the sports shoes and apparel business, and according to the actual operation of the company, through including but not limited to licensing, ** leasing, etc., the disposal of brand assets such as "Guiren Bird" and "Prince" and other sports shoes and apparel related assets will be carried out, and the sports shoes and apparel business will be gradually withdrawn.
At that time, ST nobles said that the company takes the grain business as the company's main business development direction in the future, coordinates the company's resources and strength, and gives priority and focuses on making the grain business bigger and stronger.
In addition, ST Guiren is also the first investigation unit in the Year of the Dragon.
On the evening of February 22, ST Guiren disclosed that the company and the company's actual controller and chairman Li Zhihua respectively received the "Notice of Case Filing" issued by the Securities Regulatory Commission, and due to suspected violations of information disclosure laws and regulations, according to the "People's Republic of China ** Law", "People's Republic of China Administrative Punishment Law" and other laws and regulations, the China Securities Regulatory Commission decided to file a case against the company and Li Zhihua.