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* ST Meishang (rights protection) receives further letter of concernDoubledowncasinobonusAnd it is required that if the letter is not replied in time, it will be dealt with in accordance with the regulations of compulsory delisting.

On April 15, the Shenzhen Stock Exchange issued a concern letter to * ST Meishang, saying that if the company does not reply to the concern letter in time, it will deal with the company in accordance with the relevant regulations on compulsory delisting. This is the third letter of concern received after * ST Mercer disclosed the announcement on the preparation of the 2023 Annual report and the latest Audit Progress on March 27th.

According to the concern letter, the Shenzhen Stock Exchange issued a "letter of concern about Meishang Ecological Landscape Co., Ltd." to the company on April 8, 2024. Urge the company to reply to the previous "concern letter about Meishang Ecological Landscape Co., Ltd." (gem concern letter (2024) No. 57), and further explain the discrepancy of the letter reply. The company is required to submit the relevant explanatory materials to the Shenzhen Stock Exchange and disclose them to the public before April 12. The above matters have a significant impact on whether the company's operating income is less than 100 million yuan after deduction in 2023, the type of audit opinion and the decision-making judgment of the users of financial statements.

On April 12, the company disclosed the announcement on the postponement of replying to the concern letter of the Shenzhen Stock Exchange, saying that as some of the problems were still being verified, the reply of the company's "concern letter" would be postponed and disclosed before April 19, 2024. Up to now, the company has not replied and refused to submit letters, certificates, replies and other materials.

The Shenzhen Stock Exchange is highly concerned about this and requires the company to submit and disclose the reply to the "concern letter" within three working days, and at the same time send a copy to the regulatory office of listed companies of the Shenzhen Securities Regulatory Bureau.

If there is no reply at the expiration date, the supervision requires the company to judge and explain whether it has touched the 10th of the gem listing rules (revised in August 2023) of the Shenzhen Stock Exchange.Doubledowncasinobonus.4.1 and 10.4.2 concerning delisting risk warning of major defects in information disclosure and other aspects.

If the company does not reply in time, the Shenzhen Stock Exchange will deal with the company in accordance with the relevant provisions of Chapter 10, Section 4 of the gem rules governing compulsory delisting. At the same time, the company's behavior has a bad impact on the market. According to the relevant provisions of the "gem Stock listing rules", the Shenzhen Stock Exchange will initiate disciplinary proceedings against the company and related parties.

Shell financial reporter noted that * ST Beauchamp has previously delayed reply many times. Since 2024, the company has received 8 letters of concern and issued 10 postpone reply announcements.

* ST Beauchamp's "troubles" are much more than that. For many years of financial fraud and fraudulent issuance, * ST Meishang's controlling shareholder, chairman and other related parties were punished. In addition, the company already has a number of delisting risks and faces triggering face value delisting clauses.

Public data show that * ST Meishang's main business is ecological restoration and reconstruction and landscape construction. Ecological restoration and reconstruction mainly includes wetland ecological restoration and protection, urban wetland park, ecological interception and control of non-point source pollution, comprehensive river control, mine restoration, slope treatment and soil restoration and so on.

In terms of performance, * ST Meishang expects the net profit attributable to shareholders of listed companies to be-620 million yuan to-440 million yuan in 2023, an increase of 9.75% to 35.95% over the same period last year; revenue is expected to reach 109 million yuan to 140 million yuan, compared with 132.9243 million yuan in the same period last year.

As of April 15, ST fell 17.58% to 0.75 yuan per share, with a total market capitalization of 506 million yuan.

(source: Beijing News)