Taiwan's technology giant stops production after 41 years! It faces the risk of a "delisting order," with nearly 40,000 shares turning into worthless paper.
- byVic

讀後心得
Taiwan's well-established technology company 樺晟 (3202) has suspended stock trading since April 7. If trading does not resume within six months, it will face the risk of delisting. 樺晟 has had its trading suspended by the OTC due to failure to announce financial reports as required, and its stock price has dropped by more than 70% in the past six months. Investors need to carefully consider the risks and pay attention to the subsequent developments regarding the submission of financial reports.
Financial Center Report
Hua Sheng (3202) has stopped trading since April 7. Shareholders, please take note! This well-established technology company, which has been operating for 41 years with a capital of 2.5 billion, has ceased trading of its securities starting today. If trading remains suspended for more than 6 months, it may be forced to delist, at which point nearly 40,000 shares will become worthless. Investors should make preparations as soon as possible and carefully assess investment risks.
- The OTC Center announced on April 1 that Hua Sheng (3202) failed to announce its financial report for the 113th year within the stipulated time frame. According to Article 12-1, Item 4 of the OTC Center's Business Rules, trading of its securities will cease from April 7.
- If trading of the stock remains suspended for 6 months and has not resumed, it will face the risk of being delisted.
- Hua Sheng Electronics was established in 1984, initially focusing on producing wires for computers, and went public in Taiwan in 2005, achieving a global market share of 25% by 2009.
- In response to the cross-industry integration and blockchain development in the global market, Hua Sheng established the Hua Sheng Group in 2017 to expand its business scope.
- In light of the OTC Center's actions, Hua Sheng will actively seek a successor accountant and quickly complete the audit of the financial report for the 113th year.
- Since last November, the stock price of Hua Sheng has fallen by more than 70%, and recently the stock price has dropped to 3.96 yuan, with over 4,448 shares still not traded.
- If the financial report is not submitted within 6 months, it will affect approximately 37,628 shareholders' shares.
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