*St Gangtai: received the supervision letter from Shanghai Stock Exchange on the termination of listing of the company’s shares

* ST Gangtai announced on the evening of December 21 that the company has received the supervision letter from the Shanghai Stock Exchange on matters related to the termination of listing of the company’s shares. As the daily closing price of the company’s shares has been lower than the face value of the shares for 20 consecutive trading days, the company’s shares will be suspended from the opening of the market on December 22, and the Shanghai Stock Exchange will hold a listing committee within the next 15 trading days for deliberation, according to the listing committee According to the audit opinions of the board of directors, a corresponding decision to terminate listing shall be made. < / P > < p > the Shanghai stock exchange requires the company to hire a sponsor broker as soon as possible to make specific arrangements and information disclosure for the company’s shares to enter the national small and medium-sized enterprise share transfer system, so as to ensure that the company’s shares can be listed for transfer within 45 Trading days from the date of delisting, and protect investors’ share transfer rights. < / P > < p > in addition, as of December 11, 2020, the company still has the outstanding balance of illegal guarantee of 2.045 billion yuan. In this regard, the Shanghai Stock Exchange said that the company, Gangtai Group Co., Ltd. and its related parties should, in accordance with the requirements of the opinions of the State Council on further improving the quality of listed companies, attach great importance to the resolution of illegal guarantees, formulate feasible rectification plans, resolve them before the disclosure of the 2020 annual report, and timely fulfill the obligation of information disclosure. < / P > < p > Disclaimer: the purpose of this article reprinted by CNFC is to convey more information, and it does not represent the opinions and positions of CNFC. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk. < p > < p > Chinanet is a state key news website under the leadership of the Information Office of the State Council and the management of China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website publishes information 24 hours a day. It is an important window for China to carry out international communication and information exchange.