In the past, hundreds of billions of housing enterprises have also come to the step of delisting. ST Taihe has become the third A-share delisting housing enterprise after Blu-ray Development and Jiakai City.
"Go to the world and create first-class enterprises." On the official website of ST Taihe (000732. SZ), founder Huang Qisen imagines the future of Taihe. The Fujian businessman, who is honest on the outside but radical on the inside, has stirred up the high-end market of the domestic real estate market, and is now about to bid farewell to the listing status of the real estate platform. On the evening
of June 2, ST Taihe (000732. SZ) announced that as of June 2, the closing price of the company's stock was less than 1 yuan per share for 20 consecutive trading days (May 8, 2023 to June 2, 2023), and the company's stock would be terminated. According to relevant regulations, the company's shares have been suspended since the opening of the market on Monday, June 5, 2023.
According to Article 9.1.15 of the Listing Rules of Shenzhen Stock Exchange, "After the shares of listed companies are compulsorily delisted by the Stock Exchange, they enter the delisting consolidation period, except for the termination of listing due to the compulsory delisting of trading." Therefore, the company's stock does not enter the delisting consolidation period.
In 2017 and 2018
, Taihe's sales amount exceeded 100 billion yuan
, ranking among the top
20 real estate enterprises in China for two consecutive years. Since the end of April 2022, Taihe's share price has not risen above 2 yuan, and has fallen below 1 yuan twice during the period. After falling below par value on May 8 this year, ST Taihe fell all the way, and from May 16 to June 2, it fell continuously. As of June 2nd closing, ST Taihe reported 0.43 yuan/share, or 4.44%.
By the end of the first quarter of 2023 (March 31), ST Taihe still had 53 thousand and 200 shareholders.
According to the official website of Taihe Group, Taihe Group is a large and well-known listed company engaged in residential and commercial real estate development. The company was founded in 1996 and successfully listed in 2010, becoming the only listed real estate enterprise in China in that year.
As one
of the representatives of Fujian real estate enterprises, Taihe has always been famous
for its rapid progress and once became a benchmark enterprise
with high turnover mode. The scale of Taihe is also expanding, and its chairman Huang Qisen was once called "the godfather of the second generation of luxury houses". In a short period of five years from
2013 to 2017, Taihe has achieved a breakthrough of 10 billion to 100 billion. In terms of products, Taihe Courtyard Department, Courtyard Department, Government Department and other hot IP have been advancing all the way. At the end of
2017, Huang Qisen, chairman of Taihe Group, called out the "sales target of 200 billion yuan", which once triggered a sharp rise in the company's share price, with a market value of more than 50 billion yuan.
At present, The market value of ST Taihe is only 1.1 billion yuan
, which is about 98%
lower than previous market value
of more than 50 billion yuan. In this round of real estate adjustment cycle
, Taihe became one
of the first real estate companies to fall. According to the debt situation of the company, as of April 28, 2023, the outstanding loan principal of Taihe Group was 58.203 billion yuan. In the external guarantee of Taihe Group, the guarantee balance corresponding to substantial overdue debts is 5.416 billion yuan. Taihe Group said that the company is making every effort to promote debt restructuring and actively solve the debt problem. Up to now, the company and all parties have not yet formed a comprehensive debt restructuring solution.
With the advent of the era of comprehensive registration system, the "metabolism" of A-share listed companies has accelerated, and more and more enterprises are moving towards delisting. Among them, more than ten housing enterprises, including ST Taihe, may become the first delisting real estate stocks.
Since the beginning of this year, Xinli Holdings has been delisted by the Hong Kong Stock Exchange; Sichuan real estate company * ST Blue Light (600466.sh) and Guizhou's first share * ST Zhongtian (000540.SZ) have also touched the conditions for termination of listing due to the closing price of less than 1 yuan for 20 consecutive trading days. After the passage of the real estate market, these enterprises, which are under the heavy pressure of debt, are the first to withdraw from the capital market, adding a lot of fog to the road ahead.
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