Legal Protection Of Investors' Rights And Interests During The Delisting Of Listing Corporation

The protection of investors' rights and interests is an important issue in the development of the capital market in the world. Nanjing Tanker Company as "the first central enterprises delisting shares", the existence of a series of illegal cases in the delisting period. The delisting of Nanjing Tanker Corporation during the interests of small investors as the object of study by case analysis method, combined with the specific stage of delisting procedures, the operating conditions of the in-depth study of Nanjing Tanker Corporation and the emergence of different problems; delisting early financial statement error, the wind risk warning plate transactions before and after the stock price fluctuation and the threshold of the new trading board had higher, combined with the reforming during the procedures are not standardized, impaired operation and small investors the right to vote in reforming report. By finding out the weak links in the protection of the rights and interests of small and medium-sized investors of Nanjing Tanker Corporation, leading to the discovery of deficiencies in the existing legal system for the protection of the rights and interests of middle small investors, and from the entity, the procedure different angles of the existing legal system deficiencies put forward relevant suggestions.The author believes that the current legal system can be improved by the following ways:first, to get through the securities market access, strengthen the information disclosure system, complete corporate governance structure, to ensure that the right of small investors to vote and the right to dissent shareholders. Second refinement of the delisting of listed companies of the relief program, clear the securities supervision and administration institution assume specific responsibilities of the protection of the rights and interests of shareholders, set up small investor protection association, expand the sponsor system of the liability for warranty, boost the confidence of small investors; third is to cancel prepositive procedure, construct and perfect the representative action system, securities civil lawsuit system, ensure that the rights and interests of the medium and small investors can get the lawsuit relief and promote the healthy and stable development of the securities market.