ST Dongfang (600811.SH) may face the risk of delisting due to its stock price falling below 1 yuan.
07/04/2025
GMT Eight
*ST Dongfang (600811.SH) announced that the closing price of the company's stock on April 7, 2025 was 0.45 yuan per share, which has been lower than 1 yuan for 15 consecutive trading days. Even if the stock rises limit for the next 5 consecutive trading days (excluding the full day trading suspension of the company's stock), it will still trigger the forced delisting due to the closing price being lower than 1 yuan for 20 consecutive trading days.
According to Article 9.2.1, paragraph 1 of the Shanghai Stock Exchange Listing Rules, for listed companies on the Shanghai Stock Exchange that only issue A shares, if the daily closing price of the stock is below 1 yuan for 20 consecutive trading days, the company's stock may be delisted by the Shanghai Stock Exchange.
According to Article 9.6.1, paragraph 2 of the Listing Rules, the stock of a company subject to forced delisting will not enter the delisting trading period. The company's last trading day will be on April 14, 2025.