編者按:作為(wei)今年首批退(tui)市(shi)(shi)(shi)(shi)股(gu)(gu)(gu)(gu)——退(tui)市(shi)(shi)(shi)(shi)吉(ji)恩和退(tui)市(shi)(shi)(shi)(shi)昆(kun)機進(jin)(jin)入退(tui)市(shi)(shi)(shi)(shi)整(zheng)理(li)(li)期(qi)后(hou)股(gu)(gu)(gu)(gu)價大幅下跌(die)。截(jie)至7月(yue)10日收(shou)盤,退(tui)市(shi)(shi)(shi)(shi)吉(ji)恩股(gu)(gu)(gu)(gu)價收(shou)報1.47元(yuan)/股(gu)(gu)(gu)(gu),與進(jin)(jin)入退(tui)市(shi)(shi)(shi)(shi)整(zheng)理(li)(li)期(qi)前(qian)股(gu)(gu)(gu)(gu)價相比(bi),跌(die)幅高達78.54%。退(tui)市(shi)(shi)(shi)(shi)昆(kun)機股(gu)(gu)(gu)(gu)價收(shou)報1.42元(yuan)/股(gu)(gu)(gu)(gu),跌(die)幅達到79.56%。7月(yue)11日是兩家(jia)公(gong)(gong)司在退(tui)市(shi)(shi)(shi)(shi)整(zheng)理(li)(li)期(qi)最(zui)后(hou)一個交(jiao)易日,退(tui)市(shi)(shi)(shi)(shi)后(hou)兩只股(gu)(gu)(gu)(gu)票將進(jin)(jin)入股(gu)(gu)(gu)(gu)轉交(jiao)易系統。進(jin)(jin)入2018年,退(tui)市(shi)(shi)(shi)(shi)成為(wei)A股(gu)(gu)(gu)(gu)市(shi)(shi)(shi)(shi)場建設(she)重要關(guan)鍵詞(ci),已有5家(jia)上市(shi)(shi)(shi)(shi)公(gong)(gong)司處于退(tui)市(shi)(shi)(shi)(shi)階段。而6月(yue)以來(lai),長(chang)航油運、創(chuang)智(zhi)科(ke)技等多家(jia)退(tui)市(shi)(shi)(shi)(shi)公(gong)(gong)司啟(qi)動重新上市(shi)(shi)(shi)(shi)程(cheng)序(xu)。A股(gu)(gu)(gu)(gu)生態實現重塑,退(tui)市(shi)(shi)(shi)(shi)機制日趨(qu)完善。兩月(yue)內5家(jia)公(gong)(gong)司退(tui)市(shi)(shi)(shi)(shi)。
吉恩、昆機今日謝幕 嚴把執行關促A股退市常態化
11日(ri),退市(shi)吉恩與退市(shi)昆機迎(ying)來最后(hou)交(jiao)易日(ri)。上(shang)交(jiao)所將(jiang)在退市(shi)整(zheng)理期(qi)屆滿后(hou)5個交(jiao)易日(ri)內,對兩家公司(si)股票予(yu)以摘牌,公司(si)股票終(zhong)止上(shang)市(shi)。
進入(ru)2018年,退(tui)(tui)市成為(wei)A股市場建(jian)設重(zhong)要關鍵詞,已有5家(jia)(jia)上(shang)市公(gong)司(si)處于退(tui)(tui)市階段。而6月以來,長航油運(yun)、創智科技等多(duo)家(jia)(jia)退(tui)(tui)市公(gong)司(si)啟(qi)動(dong)重(zhong)新上(shang)市程序(xu)。A股生態實現重(zhong)塑,退(tui)(tui)市機制日趨(qu)完善。兩月內5家(jia)(jia)公(gong)司(si)退(tui)(tui)市。
多家(jia)退市公司重啟回A征途
“這是(shi)我人(ren)生中遇到的第(di)一(yi)只退市(shi)股(gu)(gu)。”經歷(li)了股(gu)(gu)價連(lian)續跌(die)停和近幾個(ge)交易(yi)日上(shang)漲后(hou)(hou),退市(shi)昆(kun)機股(gu)(gu)票(piao)持有者林文(化名)正(zheng)在猶豫要(yao)不要(yao)把最(zui)后(hou)(hou)幾手股(gu)(gu)票(piao)在最(zui)后(hou)(hou)一(yi)個(ge)交易(yi)日割掉。
2018年,退市成為改(gai)變A股生態和*ST股炒作邏輯的重(zhong)要因素。
5月22日(ri)(ri)(ri)晚(wan)間,上(shang)交所(suo)打響2018年退市(shi)(shi)(shi)(shi)第(di)一槍,*ST吉恩、*ST昆機終(zhong)(zhong)止(zhi)上(shang)市(shi)(shi)(shi)(shi)。退市(shi)(shi)(shi)(shi)前,這兩家公(gong)司連續(xu)多(duo)年虧損(sun),先(xian)后被上(shang)交所(suo)實施(shi)退市(shi)(shi)(shi)(shi)風險警示、暫停(ting)上(shang)市(shi)(shi)(shi)(shi)。它們于5月30日(ri)(ri)(ri)進入退市(shi)(shi)(shi)(shi)整理期,交易(yi)30個(ge)交易(yi)日(ri)(ri)(ri),7月11日(ri)(ri)(ri)是(shi)最后一個(ge)交易(yi)日(ri)(ri)(ri)。5月24日(ri)(ri)(ri),深交所(suo)舉行(xing)*ST烯碳退市(shi)(shi)(shi)(shi)聽證會,其成(cheng)為首(shou)只(zhi)因(yin)會計事務所(suo)出(chu)具“無(wu)法(fa)表(biao)示意見”而(er)觸發終(zhong)(zhong)止(zhi)上(shang)市(shi)(shi)(shi)(shi)的股(gu)(gu)票。此外,有2只(zhi)被深交所(suo)啟動(dong)強(qiang)制(zhi)退市(shi)(shi)(shi)(shi)機制(zhi)的股(gu)(gu)票,分別為因(yin)涉(she)嫌(xian)欺詐發行(xing)被強(qiang)制(zhi)退市(shi)(shi)(shi)(shi)的*金(jin)亞,因(yin)涉(she)嫌(xian)構成(cheng)違規披(pi)露(lu)(lu)、不披(pi)露(lu)(lu)重要信息罪(zui)的*ST百特。
“過去幾年A股(gu)(gu)每年退(tui)(tui)市(shi)(shi)(shi)一兩家(jia)(jia),今年以(yi)來首次達到5家(jia)(jia)。投資者(zhe)偏愛(ai)‘炒(chao)差炒(chao)小’的觀念亦同步轉變(bian),近(jin)期1元股(gu)(gu)、小市(shi)(shi)(shi)值股(gu)(gu)票數量(liang)增加(jia),但已少人理睬。”武漢科(ke)技大(da)學金(jin)融證券研究(jiu)所所長董登新(xin)向中(zhong)國證券報記者(zhe)表示,“對重(zhong)大(da)欺詐違法公(gong)司(si)實施強制(zhi)退(tui)(tui)市(shi)(shi)(shi),對IPO造假及上(shang)市(shi)(shi)(shi)公(gong)司(si)重(zhong)大(da)信(xin)息造假行為會產(chan)生(sheng)強烈震(zhen)懾(she)作用。”
2018年,退(tui)市(shi)制(zhi)度(du)(du)層面也有(you)明(ming)顯變化。3月2日,證(zheng)監會就修改《關(guan)于(yu)改革完善(shan)并嚴(yan)格(ge)實施(shi)上市(shi)公(gong)司退(tui)市(shi)制(zhi)度(du)(du)的(de)若干(gan)意(yi)見》公(gong)開(kai)征求意(yi)見。3月9日,上交(jiao)(jiao)所(suo)(suo)、深(shen)交(jiao)(jiao)所(suo)(suo)相繼(ji)發(fa)布上市(shi)公(gong)司重大違(wei)法強(qiang)制(zhi)退(tui)市(shi)實施(shi)辦法(征求意(yi)見稿),明(ming)確(que)相關(guan)退(tui)市(shi)細則。據上交(jiao)(jiao)所(suo)(suo)披露,目(mu)前意(yi)見征求已結束,細則將適(shi)時發(fa)布。
同時,強制(zhi)退市決策權進一步(bu)下(xia)放至交(jiao)易所,在制(zhi)定相關細則以(yi)外,交(jiao)易所將落實(shi)一線監管(guan)職責,使得重大違法強制(zhi)退市得以(yi)嚴(yan)格執行。在兩(liang)家交(jiao)易所推(tui)進之下(xia),退市效率進一步(bu)提升(sheng)。
董(dong)登新認為(wei),當退市常態(tai)化(hua)成為(wei)懸(xuan)在上(shang)市公(gong)司頭頂的“達摩克利(li)斯之劍”時,投機炒作績差股、殼股的老問題會迎刃(ren)而解。隨著IPO常態(tai)化(hua)和借(jie)殼門檻提(ti)高,曾(ceng)經走俏的“殼”資源將進一(yi)步(bu)貶值。
中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)(zheng)網(wang)(wang)(wang)聲(sheng)明(ming):凡本(ben)(ben)網(wang)(wang)(wang)注明(ming)“來源(yuan):中(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)(zheng)(zheng)券(quan)報(bao)·中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)(zheng)網(wang)(wang)(wang)”的(de)所有作(zuo)(zuo)品(pin),版(ban)權均屬于中(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)(zheng)(zheng)券(quan)報(bao)、中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)(zheng)網(wang)(wang)(wang)。中(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)(zheng)(zheng)券(quan)報(bao)·中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)(zheng)網(wang)(wang)(wang)與(yu)作(zuo)(zuo)品(pin)作(zuo)(zuo)者聯合聲(sheng)明(ming),任何組織未(wei)經中(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)(zheng)(zheng)券(quan)報(bao)、中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)(zheng)網(wang)(wang)(wang)以及作(zuo)(zuo)者書面授權不(bu)得轉(zhuan)載、摘編或(huo)利(li)用(yong)其它方式(shi)使用(yong)上(shang)述(shu)作(zuo)(zuo)品(pin)。凡本(ben)(ben)網(wang)(wang)(wang)注明(ming)來源(yuan)非中(zhong)(zhong)(zhong)(zhong)國(guo)(guo)證(zheng)(zheng)(zheng)(zheng)券(quan)報(bao)·中(zhong)(zhong)(zhong)(zhong)證(zheng)(zheng)(zheng)(zheng)網(wang)(wang)(wang)的(de)作(zuo)(zuo)品(pin),均轉(zhuan)載自其它媒(mei)體,轉(zhuan)載目的(de)在于更好服務讀者、傳遞信(xin)息之需,并不(bu)代表本(ben)(ben)網(wang)(wang)(wang)贊(zan)同其觀點,本(ben)(ben)網(wang)(wang)(wang)亦(yi)不(bu)對其真實(shi)性負責,持異議者應(ying)與(yu)原出處單(dan)位主(zhu)張權利(li)。
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