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Corporate GovernanceChina

Two Tourism Firms' Decade on NEEQ: Glory and Exit

Haihe Cruise voluntarily delisted at its peak, while ST Bishu was forcibly terminated due to audit issues. Their contrasting decades highlight the capital market's role in corporate governance.

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Impact and considerations

These cases offer lessons for tourism firms on governance and capital strategy, underscoring compliance.

Key points

  • Haihe Cruise voluntarily delisted at its peak performance.
  • ST Bishu was forcibly delisted after two years of 'disclaimer of opinion' audits.
  • Governance differences led to divergent outcomes.

Sources and time

Primary source
品橙旅游
Other sources
0
First source publication
8 Sept 2026, 08:00
Page published
8 Sept 2026, 18:09
Last updated
8 Sept 2026, 08:00
Original links
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