Since the beginning of this year, 46 listed companies on mainland A-share market have announced being investigated and filed, with ST-type companies accounting for over 40 percent.
According to a report by “First Financial” on May 14, based on financial data provider Wind’s statistics, as of 3 p.m. on May 14, a total of 46 A-share listed companies have announced being investigated and filed since the beginning of this year, a year-on-year increase of over 50 percent.
Among the aforementioned companies under investigation, ST-type companies accounted for over 40 percent. The main reasons for the investigation of related companies are mainly suspected violations of information disclosure laws and regulations. A few companies have also announced issues such as failure to disclose regular reports on time, major contract announcements involving misleading statements, and so on.
According to a report by “Shenzhen Business Daily” on May 13, looking at the distribution of time, the highest number of companies investigated and filed was in April this year. Wind data shows that in January and February of this year, 6 and 10 companies were investigated respectively, dropped to 3 companies in March, increased to 21 companies in April, and as of May 13, 3 companies have been investigated and filed in May.
“First Financial” reported that after some listed companies were investigated and filed, their stock prices experienced significant fluctuations, and some companies even faced the risk of delisting at face value.
Public information shows that in the A-share market, ST is an abbreviation for “special treatment,” usually referring to listed companies that are subject to special treatment due to financial abnormalities, operational anomalies, or other risk factors.