*ST Konka A receives Shenzhen exchange decision to terminate its share listing
In short
*ST Konka A (*ST康佳A, 000016.SZ) said on October 16 that it had received a decision from the Shenzhen Stock Exchange to terminate the listing of its shares. The company said its shareholders' meeting had resolved to voluntarily end the listing of its A and B shares, and the stock will be removed within five trading days of the exchange announcing the decision, with no delisting consolidation period.
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*ST Konka A (*ST康佳A, 000016.SZ) announced on October 16 that it had received a decision from the Shenzhen Stock Exchange to terminate the listing of its shares, CLS, Jiemian, 36Kr and Yicai reported. According to the announcement, the move follows a resolution by the company's shareholders' meeting to voluntarily end the listing of both its A shares and B shares. [ 1 , 2 , 3 , 4 ]
The company said the shares will have no delisting consolidation period and will be removed within five trading days from the day the exchange announces the termination decision. Once the listing ends, the shares will be transferred to the delisting board for quoted transfer, and the company has engaged Jianghai Securities as its agent for this, CLS and Jiemian reported. [ 1 , 3 , 4 ]
Why it matters
After the listing ends, the shares will move to the delisting board for quoted transfer, according to the company's announcement. Business outlets CLS and Jiemian reported that Jianghai Securities has been hired as the agent for that process.
Key facts
- *ST Konka A (000016.SZ) received a decision from the Shenzhen Stock Exchange to terminate the listing of its shares. [ 1 , 2 , 3 , 4 ]
- The termination follows a shareholders' meeting resolution to voluntarily end the listing of the company's A and B shares. [ 1 , 4 ]
- There will be no delisting consolidation period for the shares. [ 1 , 4 ]
- The shares will be removed from listing within five trading days of the exchange announcing the termination decision. [ 1 , 3 , 4 ]
- After the listing ends, the shares will move to the delisting board for quoted transfer. [ 1 , 4 ]
- The company has hired Jianghai Securities as its agent. [ 1 , 4 ]
Confirmed by several sources
- *ST Konka A received the Shenzhen Stock Exchange's decision to terminate its share listing. [ 1 , 3 , 4 ]
- The shares will be removed within five trading days of the exchange announcing the decision. [ 1 , 3 , 4 ]
- The termination stems from a shareholders' meeting resolution to voluntarily delist the A and B shares, with no delisting consolidation period. [ 1 , 4 ]
- The shares will move to the delisting board, with Jianghai Securities hired as agent. [ 1 , 4 ]
Still unclear
- The exact date on which the shares will be removed from listing. The documents say only that removal will happen within five trading days of the exchange announcing the decision.