The voluntary delisting of ST Konka A, which has been suspended for nearly two weeks, has made new progress. On the evening of September 16, the company disclosed a notice regarding the distribution of cash options for the voluntary termination of its stock listing. It plans to voluntarily withdraw the listing and trading of its A-shares and B-shares on the Shenzhen Stock Exchange through a shareholders' meeting resolution. The matter has been reviewed and approved at the company's second extraordinary shareholders' meeting in 2026, and will now enter the stage of cash option distribution and exercise. The announcement shows that Panshi Runchuang Shenzhen Information Management Company Limited will provide cash options to all A-share shareholders other than the company itself, and Hemao Company Limited will provide cash options to all B-share shareholders other than the company itself. As of September 3, 2026, the company's A-share closing price was 2.46 yuan per share and its B-share closing price was 0.71 Hong Kong dollars per share. Shareholders who validly declare the exercise of cash options will receive cash consideration at an exercise price of 2.48 yuan per share for A-shares and 0.73 Hong Kong dollars per share for B-shares. The record dates are September 22 and September 28 respectively. ST Konka A stated that although this voluntary termination of listing provides cash options to shareholders entitled to exercise them, it does not mean they are forced to accept the exercise price and tender their shares. Relevant shareholders may choose to transfer all or part of their shares to the cash option provider at the announced price, or continue to hold the company's shares.
Konka Group Co LtdST Konka A plans voluntary delisting with cash option exercise price of 2.48 yuan per A-share, a capital/valuation event for shareholders.
