China’s attempts to prevent hundreds of its companies from being delisted from US stock exchanges may come too late for 25 that have seen their share prices plunge to close to or below $1 per share.
Both the New York Stock Exchange and Nasdaq begin an automatic delisting process when a company’s share price falls below $1 for more than 30 business days. The companies are given six months to come back in line with exchange rules.
Submitted November 25, 2021 at 08:31AM by pottermeup https://ift.tt/3oYg07a
