The announcement shows that the starting date of LeTV’s stock entering the delisting consolidation period is June 5, and the opening reference price for the first day of the delisting consolidation period is 1.69 yuan. The delisting consolidation period is 30 trading days, and the expected final transaction date is July 20. During the delisting consolidation period, the company’s stocks are suspended from trading throughout the day will not be counted in the delisting consolidation period. If the company applies to the Shenzhen Stock Exchange for all-day suspension of stocks for special reasons, the cumulative number of suspension days shall not exceed five trading days. During the delisting and consolidation period, the company’s stock trading limit, disclosure of market information, public information, and other transactions are subject to the relevant regulations of the Shenzhen Stock Exchange Trading Rules. The next trading day after the end of the delisting period, the Shenzhen Stock Exchange delisted the company’s shares.
LeTV said that after the company’s stocks are terminated from listing, it will be transferred to the national SME share transfer system for share transfer. The company will hire a share transfer service agency as soon as possible, entrust it to provide share transfer services, and authorize it to handle the stock withdrawal registration of the stock exchange market registration and settlement system of the stock exchange, and handle the share registration and settlement of the national small and medium-sized enterprise share transfer system to ensure that the company’s shares are in Shenzhen A stock exchange may enter the national small and medium-sized enterprise share transfer system for share transfer within 45 trading days after the expiration of the delisting period of the stock exchange.
(Originally titled “LeTV: Entering the delisting reorganization period on June 5 and opening reference price is 1.69 yuan”)