---
title: "JSMC: If it fails to recover the occupied funds of 1.491 billion yuan within 6 months, the company's stock may be delisted"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/228008010.md"
description: "ST JSMC announced that the company's controlling shareholder Shanghai Pengsheng and its related parties have non-operational occupation of company funds amounting to 1.491 billion yuan. According to relevant regulations, if the company fails to recover these funds within 6 months, the Shanghai Stock Exchange will suspend the trading of the company's stock, and if the rectification is not completed within two months, it will implement a delisting risk warning for the company's stock trading. If the rectification is still not completed within the following two months, the Shanghai Stock Exchange will decide to terminate the company's stock listing"
datetime: "2025-02-12T09:16:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228008010.md)
  - [en](https://longbridge.com/en/news/228008010.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228008010.md)
---

# JSMC: If it fails to recover the occupied funds of 1.491 billion yuan within 6 months, the company's stock may be delisted

JSMC announced that the company's controlling shareholder, Shanghai Pengsheng, and its related parties have non-operational occupation of company funds amounting to 1.491 billion yuan. According to relevant regulations, if the company fails to recover these funds within 6 months, the Shanghai Stock Exchange will suspend the trading of the company's stock, and if the rectification is not completed within two months, it will implement a delisting risk warning for the company's stock trading. If the rectification is still not completed within the following two months, the Shanghai Stock Exchange will decide to terminate the company's stock listing

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