300392SZSE

Announcement from Tengxin Regarding Receipt of Stock Delisting Decision

Tengxin Holdings··3 pages

✨ AI Summary

Tengxin Innovation Network Marketing Technology Co., Ltd. has received a decision from the Shenzhen Stock Exchange to delist its shares due to financial issues, including a negative net asset value of -644 million RMB as of the end of 2022. The delisting process will begin on June 15, 2023, with a trading period of fifteen days, concluding on July 7, 2023. Investors are advised to settle related transactions before the delisting.

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Full Translation

AI Translation· azure_openai

Securities Code: 300392
Securities Abbreviation: *ST Tengxin
Announcement Number: 2023-084

Beijing Tengxin Innovation Network Marketing Technology Co., Ltd. announces that it has received the decision on stock delisting from the Shenzhen Stock Exchange.

Special Reminder:

  1. Type of securities to be delisted: RMB ordinary shares, securities abbreviation: *ST Tengxin, securities code: 300392.
  2. The start date for the delisting transition period is June 15, 2023, lasting for fifteen trading days, with the expected last trading date on July 7, 2023.
  3. During the delisting transition period, the stock will trade on the risk warning board. On the first trading day of the transition period, there will be no price limit, followed by a daily price limit of 20%.
  4. Investors, securities companies, and other market participants are advised to settle stock pledge repurchase, agreed repurchase, margin financing, transfer, and Shenzhen Stock Connect transactions before the stock is delisted.
  5. For judicial freezing transactions expiring after the stock is delisted and before the initial registration in the delisting sector is completed, it is recommended that the competent authorities handle the renewal procedures in advance through the original enforcement channels before the stock is delisted.

Beijing Tengxin Innovation Network Marketing Technology Co., Ltd. (hereinafter referred to as "the Company") received the decision on stock delisting from the Shenzhen Stock Exchange on June 7, 2023, titled "Decision on the Delisting of Beijing Tengxin Innovation Network Marketing Technology Co., Ltd. Stock" (Shenzhen Stock Exchange [2023] No. 477). The Shenzhen Stock Exchange has decided to delist the Company's stock.

1. Type of Securities to be Delisted, Securities Abbreviation, Securities Code

  1. Type of securities: RMB ordinary shares
  2. Securities abbreviation: *ST Tengxin
  3. Securities code: 300392

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