At first, 3 listed companies (delisting Kunji, delisting Jean, and ene carbon delisting) queued for delisting in order to leave A shares, and just two more delisted shares applied for relisting.
These two are Chuangzhi 5, which has been away from A shares for 5 years, and Changyou 5, which has left the exchange market for almost 4 years. Their previous statuses are * ST Chuangzhi and * ST Changyou.
Just yesterday evening, the two companies submitted applications for re-listing to the two exchanges respectively. Among them, Chuangzhi 5 submitted a resumption review application to the Shenzhen Stock Exchange after being suspended for 21 months.
According to the rules, re-listing only needs to meet the conditions and be approved by the exchange, but because the above two re-listing applications are the first cases of the two exchanges, the regulation of the regulatory scale has a strong demonstration significance. The investment fate of 38,643 KIC 5 investors and 119,286 Changyou 5 investors is also related to the re-listing process and regulatory focus.
Who are the two "protagonists"
It was listed on the Shenzhen Stock Exchange in June 1997.
Due to three consecutive years of losses from 2004 to 2006, the listing has been suspended since May 24, 2007.
No operating income since 2009.
In February 2013, after six years of suspension of listing, the listing was terminated from the Shenzhen Stock Exchange and the stock was delisted.
Entered the stock transfer system trading in April 2013, and there was no transaction for a long time.
On December 31, 2014, by issuing shares to purchase assets, Chuangzhi 5 acquired 100% equity of Tianlong Mobile and completed major asset reorganization.
On July 8, 2016, the Shenzhen Stock Exchange disclosed that the application for relisting of Chuangzhi Technology had been accepted.
In August 2016, the company applied to suspend the re-listing review process.
It was listed on the Shanghai Stock Exchange in June 1997.
Due to three consecutive years of losses from 2010 to 2012, the listing was suspended on May 14, 2013.
The listing was terminated on June 5, 2014, becoming the first A-share delisted central SOE.
On July 18, 2014, the Nanjing Intermediate People's Court accepted HSBC's application for restructuring of China Eastern Airlines.
In April 2015, the implementation of the reorganization plan was completed.