Why is Tongpu stock st

TongPortugal shares were awarded st because they met the conditions of other risk warnings of listed companies. The specific reason is that the amount of loans guaranteed by the company for the controlling shareholder in violation of regulations reached 365 million. The amount of illegal secured loans is too large, which easily leads to risks such as loss of borrowed funds or inability to repay, resulting in a large loss of the company's net profit and subsequent failure to achieve normal operations. Therefore, it is necessary to give a risk warning to the company's stock and inform investors.

What are the other risk warning conditions?

1, the company's production and operation have been seriously affected, and it cannot return to normal within 3 months;

2. Re-listed companies cannot publish the first annual report after listing;

3. The board meeting cannot be held normally, and the board meeting cannot form a resolution;

4. The bank account of the company is frozen;

5. The company guarantees the controlling shareholder in violation of regulations, or provides external guarantee in violation of relevant laws and regulations;

6. Other circumstances identified by the China Securities Regulatory Commission or the Exchange.

Unlike companies that implement risk warnings due to normal reasons such as performance losses, stocks that have been st due to other risk warnings can apply for uncapping immediately after solving other risk reasons.