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Jul 06th
Market News > Must Read News > Risk of Delisting Imposed

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May

Risk of Delisting Imposed PDF Print E-mail

(600401) JIANGSU SHENLONG HI-TECH GROUP CO.,LTD

As the company has suffered losses in two consecutive years in 2006 and 2007, in accordance with relevant regulations of the Listing Rules of the Shanghai Stock Exchange, a delisting risk warning has been imposed on trading in shares of the company since 29 Apr 2008 and trading in shares of the company will be suspended for the entire day on 28 Apr 2008. The company's ticker symbol has been changed from 'Jiangsu Shenlong' to '*ST Shenlong ' while its stock code remains '600401', with daily limits to trading in its shares of 5%.

The board of directors of the company will strive to improve its performance in order to turn deficits into gains. If the company continues to suffer losses in 2008, listing of shares of the company may be suspended or the company might be delisted. Investors are advised to exercise caution when dealing with the company's shares.

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Board of Directors
28 Apr 2008

CN01/JC/KM/GB

 
 

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