Hubei Kaile Technology Co., Ltd. (hereinafter referred to as * ST Kaile), a Chinese A-share listed company, announced on the 8th that the company received the relevant decision letter from the Shanghai Stock Exchange on the same day, and the Shanghai Stock Exchange decided to terminate the listing of the company's shares. Accordingly, * ST Keller became the first delisted A-share this year. The announcement showed that from December 29, 2022 to February 2, 2023, the daily closing price of * ST Keller's shares was less than 1 yuan for 20 consecutive trading days, triggering the mandatory delisting index of trading* ST Keller will be listed and delisted on February 15, 2023. The announcement said that the shares of trading companies that are forced to delist will not enter the delisting consolidation period* ST Keller shall immediately arrange for the listing and transfer of the shares into the National SME Share Transfer System after the listing of the shares is terminated, and ensure that the company's shares can be listed and transferred within 45 trading days from the delisting date. *ST Keller is currently in contact with securities companies, and plans to sign an agreement on entrusted share transfer, entrust securities companies to provide share transfer services, and authorize them to handle matters related to share withdrawal registration, share confirmation, share registration and listing transfer. According to public information, * ST Keller's main business is the R&D, production and sales of private network communication products, optical fiber and cable, communication silicon tubes, mobile intelligent terminals and other products. In July 2000, the company was officially listed on the Shanghai Stock Exchange. It is worth noting that according to media statistics, in addition to * ST Keller, there are many listed companies in A-share market at the edge of delisting, including * ST Colin, * ST Jinzhou, * ST Amethyst, * ST Zeda, etc. Li Xunlei, chief economist of Zhongtai Securities, said that in recent years, in the process of promoting the reform of the comprehensive registration system of A-shares, the regulatory level has issued new delisting rules, and the situation of "only in and not out" in the A-share market has been broken. The number of delisted companies has maintained a rapid growth. A share has achieved phased results in accurately combating "shell zombies" and "black sheep". Under the comprehensive registration system, it is expected that more strict delisting systems will be improved and implemented, and the "normalization" of A-share delisting is the general trend. (Xinhua News Agency)
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：XinhuaNet
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