Listed companies will close down if they meet certain conditions, but it is less likely to close down. When a listed company goes bankrupt, it must first go through bankruptcy liquidation. Liquidation of assets generally requires payment of liquidation expenses, state taxes, employee salaries, etc. Only consider the interests of shareholders. Even when it comes to bankruptcy, bankruptcy reorganization can still be carried out.
Legal objectivity:
Company Law of the People's Republic of China
Article 180
The Company is dissolved for the following reasons:
(1) The business term stipulated in the articles of association expires or other reasons for dissolution stipulated in the articles of association occur;
(2) The shareholders' meeting or shareholders' meeting decides to dissolve;
(3) The company needs to be dissolved due to merger or division;
(4) The business license is revoked, ordered to close or revoked according to law;
(5) The people's court shall be dissolved in accordance with the provisions of Article 182 of this Law.