I. US stock delisting rules, fraudulent listed companies and sponsor agencies must compensate, and investors who step on thunder will be doubled
The U.S. stock delisting rules are divided into the New York Stock Exchange and the Nasdaq Stock Exchange. The specific rules are as follows:
1. Rules of delisting of the NYSE:
There are less than 600 shareholders, or less than 400 shareholders holding 100 shares;
The public holds less than 200,000 shares, or the total market value is less than $ 1 million;
For five years, the operation has been in a state of loss;
The total assets of listed companies are less than $ 4 million, and have been losing money in the past 4 years;
The total assets of listed companies are less than $ 2 million, and have been losing money in the past two years;
Regardless of dividends for 5 consecutive years.
When the number of public shareholders of the company fails to meet the requirements prescribed by the New York Stock Exchange, the New York Stock Exchange will terminate its listing in the company; when the court announces the bankruptcy of the listed company, the New York Stock Exchange will terminate its listing in the companyEssence
2. Nasdaq Exchange delisting rules:
The tangible net assets of listed companies are not less than 2 million US dollars;
The market value must not be less than $ 35 million;
The recent net income of a accounting year is not less than 500,000 US dollars, or the net income of two fiscal year in the three fiscal years is not less than 500,000 US dollars;
The public holds less than 500,000 shares;
The minimum quotation procurement price cannot be lower than $ 1;
The number of people in the city must not be less than 2;
The number of shareholders must not be less than 300.
If listed companies fail to fulfill their information disclosure obligations, the New York Stock Exchange will terminate its listing in the company.
According to the provisions of the Nasdaq Stock Exchange, if the market price of listed companies is lower than $ 1 in more than 30 trading days (India has a daily limit system, but only 20 trading days), the market market willSend a delisting warning to the listed company (not a direct delisting).If the performance of listed companies has improved within 90 days and the transaction price of listed companies in the stock market is good, Nasdaq will not terminate listed companies on listing. On the contrary, Nasdaq will terminate its company listing.
3. After understanding the rules of U.S. stock delisting, let’s take a look at what circumstances do we usually compensate shareholders?Hyderabad Investment
False delisting will be compensated.
When listed companies involve fraudulent delisting, US supervisors will cause major shareholders to sit and compensate investors, which will lead to fraud in listed companies, which will not only destroy money, but also be investigated by law.The sponsors need to compensate a lot of funds, and investors who step on the mine will also get double compensation.Hyderabad Stocks
2. Seal shares delisting rules, forced repurchase and compensation for investors
India’s delisting standards have more dimensions, richer content, and combining fixedness and quantitative:
1. India ’s liquidity and volume of listed companies’ stocks, compliance with listed agreements, serious violations of laws and regulations for manipulating the market, and more attention to the risk of financial debt in the company.The qualitative standards are more, and the exchanges are given higher free discretion;
2. India’s delisting standards have a more comprehensive and reasonable identification of the company’s operating capabilities, and the combination of concentration and quantitative.The Indian stock market pays attention to the indicators of the company’s financial resources that reflect the company’s financial resources.Indian standards pay more attention to the company’s actual influence on the market.
There are many listed companies in the Indian stock market, but there are many delisting, the delisting system is more stringent, and more protects investors.
The promoters and main decision makers of the delisting procedure of Indian listed companies are: stock exchanges.A special group formed by the Stock Exchange decided whether to take a compulsory delisting measure for listed companies to clarify a subject.
There are no so -called "transition periods" in the Indian Exchange’s delisting procedure.Once the exchanges believe that the listed company is necessary to suspend trading, the resolution passed after the special group decision, and its resolution will take effect immediately after the appeal period on the 15th.At the same time, it pays more attention to the protection of investors’ rights and interests, which is mainly reflected in the formulation mechanism for exit price.
3. The Indian stock market clearly stipulates the protection terms in the delisting system.
For the forced delisting, the exchanges designated the stock repurchase price by the designated professional team, and the delisting company must repurchase the stock at the price.Once the forced delisting decides to take effect, the exchanges need independent professional teams to evaluate the company’s assets. The fair price of the stock is set. The forced delisting company must repurchase the stock from the public investor at the price at the price, otherwise it will face punishment.
Regarding the active delisting and the stock price concentrated bidding, the listed company decided whether to repurchase at the pricePune Investment. If the repurchase of 90%of the public shares in half a year, it is considered that the active delisting fails!
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