Taiwanese tech giant stops selling for 41 years! Facing potential "delisting order," nearly 40,000 shares become worthless.
讀後心得
Hua Sheng (3202) has suspended trading since April 7. If it does not resume within six months, it will face the risk of delisting. The company was penalized by the OTC Center for failing to announce its financial report for the year 113 on time, and investors should approach this investment risk with caution. Hua Sheng was established in 1984 and once held an important position in the global market; it is currently actively seeking an accountant to complete its financial report. If it fails to submit the report within six months, approximately 37,628 shareholders may face the risk of their stocks becoming invalid.
Hua Sheng (3202) has ceased trading since April 7. This established technology company, which has been around for 41 years and has a capital of up to 2.5 billion, may face delisting if trading does not resume after more than six months. At that time, nearly 40,000 shares will become invalid. Investors must closely monitor and prepare for related risks.
According to the announcement from the OTC Center, Hua Sheng has stopped trading at brokerage firms since April 7 due to failure to publish its financial report for the 113th fiscal year within the stipulated timeframe. If its securities stop trading for more than six months and trading is still not resumed, it will face the risk of delisting.
Hua Sheng Electronics was established in 1984, starting with computer wiring, and went public in 2005, capturing a quarter of the global market share by 2009. In 2017, the Hua Sheng Group was formed to expand its business scope to meet the diverse demands of the global market.
In response to the actions of the OTC Center, Hua Sheng plans to actively seek a new accountant to complete the audit of its financial report for the 113th fiscal year as soon as possible. Currently, the company's stock price has dropped more than 70% since November last year, and as of recent days, the stock price is only 3.96 NTD, with more than 4,448 shares still on the sell order without transactions. If the financial report cannot be submitted within six months, it will affect the stock value of 37,628 shareholders.
Finally, a reminder that all investments carry risks, and investors should carefully assess and take responsibility for their investment outcomes.