Storage giant delists

On June 1, *ST Amethyst announced that the company received a self-regulatory decision letter issued by the Shanghai Stock Exchange on May 31, 2023, and the Shanghai Stock Exchange decided to terminate the listing of the company's shares.

The content of the announcement shows that on April 21, 2023, *ST Amethyst announced that it had received the "Decision on Administrative Penalty" (hereinafter referred to as the "Decision") from the China Securities Regulatory Commission. According to the Decision, the company committed fraudulent issuance and other information disclosure violations. Among them, the company's "Prospectus" inflated operating income and profits, and failed to disclose external guarantees as required. According to the determination in the "Decision Letter", the company has violated the "Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules (revised in April 2019, revised in December 2020)" and will be forced to delist for major violations. .

According to relevant regulations, *ST Amethyst stocks will enter the delisting consolidation period starting from the next trading day that expires five trading days after the date when the Shanghai Stock Exchange announces the above decision. The delisting consolidation period is 15 trading days. There is no price limit on the first trading day, and the price limit on other trading days is 20%. The Shanghai Stock Exchange will delist *ST Amethyst's shares within 5 trading days after the expiration of the delisting consolidation period, and the company's shares will be terminated from listing.

According to the data, Amethyst Storage’s main business is the research and development, production and sales of massive optical storage devices (new intelligent optical disc libraries) and high-end recordable Blu-ray discs (long-life BD-R). It was listed for trading on February 26, 2020, with an issue price of 21.49 yuan. On the first day of listing, the highest price reached 86.98 yuan (ex-rights price). Investors who won 500 shares in the first lottery could get a maximum new income of 32,700 yuan.