Chinese Firms Consider Delisting From NYSE, Nasdaq as US Pressure Grows

Prague Headline News

Europe / Prague Headline News 5 Views 0

WASHINGTON—A rising number of Chinese corporations are considering delisting from the U.S. inventory exchanges as Washington increases its crackdown on overseas corporations that fail to adjust to U.S. audit standards. Chinese language online journey big Ctrip is the newest firm reportedly exploring going personal. The company has held early-stage talks with various buyers, together with personal fairness companies and tech corporations, about funding its delisting from Nasdaq, Reuters reported. If the deal goes by way of, Ctrip would be a part of different corporations delisting from the U.S. exchanges, amid growing tensions between america and China. China’s largest on-line classifieds platform 58.com and Beijing-based web-search firm Sogou Inc. are among the corporations that just lately introduced potential delisting of their shares from the New York Inventory Trade (NYSE). For more than a decade, Chinese corporations have taken advantage of U.S. capital markets whereas operating beneath lax requirements. Beijing has refused to permit audit inspections ...

Comments