On May 22, Ruisuke coffee was delisted, the company's share price first fell 36%, then fell 28%, Shenzhou car rental in Hong Kong two consecutive days lower, yesterday fell nearly 5%, today fell nearly 8%.In addition, Credit Suisse applied for a court order to appoint a liquidator to Ruixing coffee founder Lu Zhengyao family trust. On May 20, Beijing time, NASDAQ said Tuesday that it plans to resume the trade of Ruixing coffee at 7 a.m. EDT (7 p.m. EDT) on May 20. NASDAQ suspended trading in the company's shares on April 7.
Ruixing coffee said it plans to hold a hearing with Nasdaq, which is usually arranged 30 to 45 days after the date when the exchange receives the request. It will continue to list on NASDAQ before the results of the hearing.
In response to the news that Ruixing coffee was asked to delist by Nasdaq, Lu Zhengyao, chairman of Ruixing coffee, issued a statement in the early morning of May 20, saying that Nasdaq asked the company to delist before the final investigation results, which was unexpected, and I am deeply disappointed and regretted.
According to statistics of sina Hong Kong stock, according to the latest shareholding data, the shareholding of Shenzhou Youche dropped to 21.27%, which is still the major shareholder of Shenzhou car rental (Lu Zhengyao holds nearly 40% of Shenzhou Youche), and amber gem's shareholding will rise to 14.76%. In addition, Lenovo's shareholding remains unchanged, accounting for 26.59%, ranking the first largest shareholder of the company. If the second stage is completed, the shareholding of Shenzhou Youche will be reduced to 8.81%, and the shareholding of amber gem will be increased to 27.22%.