What are the losses to shareholders from delisting of listed companies? What are the specific losses?

Stock delisting enterprises are facing bankruptcy liquidation.

Delisting refers to the situation that a listed company actively or passively terminates its listing because it fails to meet the relevant financial standards of the exchange, and changes from a listed company to a non-listed company.

At present, the standard of delisting of A-share companies due to performance factors is to suspend listing for three consecutive years (temporarily keep the code and qualification). If they continue to lose money in the next six months after delisting, they will face delisting. Another delisting situation occurs when the company is privatized. After the major shareholders or strategic investors buy back all the outstanding shares, they can announce that the company will be changed from a public listed company to a private company. For example, after Sinopec (600028) privatizes its listed subsidiaries, these subsidiaries will be delisted one by one.

Up to now, there are 12 companies that have been delisted in Shanghai and Shenzhen stock markets, namely PT Narcissus, PT Zhonghao, PT Guangdong Jin Man, PT Jintian, ST Zhongqiao, PT Nanyang, ST Kyushu, ST Ocean Shipping, ST Yinshan, ST Hongye, ST Ecology and ST An Gong Yi (all referred to as pre-delisted stocks).

Extended data:

If your stock is listed on the third board, you can trade it in the third board market three times a week (Monday, Wednesday and Friday) and once a week (every Friday) according to your performance. First of all, you should go to the securities business department to open a shareholder account in the third board market. You need to bring your ID card, shareholder account card and your stock trading card. First open an account for the shareholders of the third board, and then transfer the shares. If you haven't been on the third board, you have to wait patiently. There are three possibilities, one is to return to the main board after reorganization (such as Jinan Light Automobile), the other is to go to the third board in the future, and the other is to go bankrupt and completely disappear.

Detailed provisions:

1. According to the relevant regulations, the shares originally circulated in the exchange of delisting companies will be transferred by securities companies (sponsoring brokers) qualified to handle share transfer business, and will be traded in the share transfer system within 45 working days.

2. According to the regulations, the shareholders of delisting companies need to open a share transfer account (individual shareholder 30 yuan, institutional shareholder 100 yuan) and go through the procedures of share confirmation and transfer custody (individual shareholder 10 yuan, institutional shareholder 30 yuan). Individual shareholders should bring their ID cards when opening share transfer accounts.

3. Before the delisting company is listed on the agency share transfer system, shareholders should go through the procedures of share confirmation and transfer custody as soon as possible, otherwise it may not be able to catch up with the company's first trading day. After the delisting company goes public, shareholders can continue to go through the formalities of confirmation and transfer of shares, but their shares can only be transferred after two trading days (that is, the third board transaction).

Baidu encyclopedia: delisting