What should retail investors do when stocks are delisted?

What should retail investors do when stocks are delisted? Let's take a look together.

1. If the company still exists, retail investors are still shareholders of this company, and they also enjoy the original rights and obligations, and they can get dividends with these stocks as vouchers.

If the company goes bankrupt, the assets of the company will be liquidated and used to repay the loan. If there are surplus assets after the loan is repaid, retail investors will still have one after the liquidation of the surplus assets. If there is not enough repayment, retail investors will not have to pay back the loan out of their own pockets.

After delisting, the stock is put into the third board market, which opens one day a week and can be traded there, but the price is lower. If investors ignore it, the price will eventually become zero. The original shareholders need to go through a custody procedure at the securities business department before trading. Once every Friday, through bidding, up and down 5%.

Extended data:

Stock delisting refers to the situation that listed companies terminate their listing actively or passively because they can't meet other listing standards such as exchange finance, that is, they become unlisted companies from listed companies.

Delisting can be divided into active delisting and passive delisting:

Active delisting

It means that the company voluntarily applies to the regulatory authorities for cancellation permission according to the resolutions of the shareholders' meeting and the board of directors. Generally, there are the following reasons: the shareholders' meeting decides not to renew the license when the operating period expires; The shareholders' meeting decides to dissolve; Dissolution due to merger or division; Bankruptcy; Adjust the structure and layout according to market demand.

Passive delisting

It means that futures institutions are forced to revoke their licenses by the regulatory authorities, which generally leads to major risks due to major violations of laws and regulations or poor management.

Stock delisting:

1, privatization delisting

Privatization and delisting are generally completed through active delisting. For example, Liaohe Oilfield (0008 17) and Jinzhou Petrochemical (000763).

2. Stock exchange delisting

The delisting of a stock exchange is generally voluntary. After the stock exchange is delisted, the original shareholders will become shareholders of another company. For example, after S shandong aluminum industry (600205) and S Lan Aluminum (600296) and China Aluminum (60 1600) exchanged shares, the original shareholders of S shandong aluminum industry (600205) and S Lan Aluminum (600296) became shareholders of China Aluminum (60 1600).

3. Loss delisting

Loss delisting is generally passive delisting. ST shares, listed companies that have suffered losses for three consecutive years, will be suspended from listing, and will be delisted if they still fail to meet the conditions for resuming listing within the prescribed time limit. For example, ST Precision (600092) and ST Longchang (600772) were delisted because they could not publish the annual report within the specified time after the suspension of listing.

4. The stock price is less than 1 yuan.

0 yuan whose share price is lower than 65438+ is generally passively delisted. If the share price of a listed company is lower than 1 yuan for 20 consecutive trading days, it will be forcibly terminated by the exchange. For example, San Hong Zhong (000979).