Yihua Life may face delisting after closing prices below 1 yuan for 19 consecutive trading days

Trading will be suspended as soon as next Tuesday!

On February 19, Yihua life issued a risk warning that its shares may be terminated for the tenth time. According to the price of 0.55 yuan per share at the opening of the day, the closing price of the company's stock has been lower than the face value of the stock (ie 1 yuan) for 19 consecutive trading days (January 19, 2021- February 19, 2021). This is also the lowest price of the company' s stock for 52 consecutive weeks.


According to the rules of the Shanghai Stock Exchange, if the daily closing price of a company' s stock for 20 consecutive trading days (excluding trading suspension days) is lower than RMB 1 yuan, the listing will be terminated. Yihua life is only one step away from 20 trading days. According to the current stock price, it is almost impossible to bring the stock price back to the level of 1 yuan on the next trading day.


Statistics show that as of last year' s three-quarter report, Yihua Life has approximately 58,800 shareholders. Some investors asked Yihua Life whether there is a chance to return to the capital market if it delists. As of now, these questions have not been answered.




You May Like

Subscribe

Discover the latest furniture products

Customer Service

jjgle@imsinoexpo.com