Nasdaq-listed Weibo became the sixth Chinese company flagged by the Securities and Exchange Commission (SEC) for possible delisting from the U.S. market. Weibo, the Twitter equivalent in China, Nasdaq.com reported on March 24, will “evaluate all strategic options.” The SEC seems to have accelerated the implementation of a 2020 law banning foreign companies from U.S….
Weibo Becomes 6th Chinese Company Flagged by SEC for Potential Delisting
Why Chinese Companies Are Delisting in America
Commentary Chinese firms are delisting from American exchanges at an increasing pace. It is a complete reversal of a trajectory that up until recently saw China-based firms flocking to list their shares in the United States, Hong Kong, and elsewhere, both to raise their global profiles and to enlarge their sources of funding. The new…
5 Chinese Companies Named by US Regulators for Potential Delisting, Triggering Stock Plunge
Five Chinese companies have been included in a provisional list of 270 companies by the U.S. Securities and Exchange Commission (SEC) to be delisted from U.S. stock markets. If these companies fail to submit detailed audit documents supporting their financial statements within the required time frame, they will be forced out from American exchanges by…
Rising Number of Chinese Companies to Delist from US Exchanges Due to Poor Performance
A rising number of Chinese companies listed on Wall Street are under pressure to be cut off from U.S. capital markets due to poor performance and non-compliance with listing standards. Beijing-based MMTec, Inc. announced on Jan. 28 that it got notification from Nasdaq’s Listings Qualifications Department as its common stock had been trading below $1…
Chinese Tech Stocks Slump as US SEC Begins Rollout of Law Aimed at Delisting
WASHINGTON/HONG KONG—Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with U.S. auditing standards. The move by the Securities and Exchange Commission (SEC) adds to the unprecedented regulatory crackdown in China on…
Chinese Regulator Fails to Investigate Company Delisted for False Financial Reports
Insiders revealed to The Epoch Times that the China Securities Regulatory Commission favored interest groups, leaving small and medium retail investors to bear losses in the case of a delisted company accused of falsifying $2.3 billion in financial data. Jiangsu Province-based Kangde Xin Composite Material (Kangde Xin) is a technology company focused on pre-filming materials,…
Chinese Stocks Hit After US Delisting Notice
WASHINGTON—Chinese stocks trading on U.S. exchanges dipped on Jan. 4 after the New York Stock Exchange announced that it would delist shares of China’s three large telecom companies in light of President Donald Trump’s new executive order regarding companies with ties to China’s military. On the first trading day of 2021, a sharp fall in…
NYSE Starts Process of Delisting Three Chinese Telco Companies
NEW YORK/WASHINGTON—The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Donald Trump last month barred U.S. investments in Chinese firms Washington says are owned or controlled by the military. The move by the NYSE, which will limit U.S. investor access, follows global index providers MSCI…
NYSE Starts Process of Delisting Three Chinese Telecom Companies
NEW YORK/WASHINGTON—The New York Stock Exchange has started the process of delisting securities of three Chinese telecom companies, after President Donald Trump last year barred U.S. investments in Chinese firms that Washington says are owned or controlled by the military. The move by the NYSE, which will limit U.S. investor access, follows global index providers…
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