Dubious title
By Jane Feng |
00:50 UTC+8 May 17, 2012
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Print Edition
Print Edition
SHANGHAI-LISTED Jinan Qingqi Motorcycle Co will be the first firm to be suspended from listing after the China mainland's two stock bourses drafted new rules to make delisting easier.
The suspension will start next Wednesday as the company has been reporting a loss for two consecutive years.
The company will be delisted if it fails to secure a profit this year, or if it has negative net assets for two years, according to the new regulations.
Jinan Qingqi's shares have been suspended from trading since May 2, the first trading day after it released its annual report for 2011.
The suspension will start next Wednesday as the company has been reporting a loss for two consecutive years.
The company will be delisted if it fails to secure a profit this year, or if it has negative net assets for two years, according to the new regulations.
Jinan Qingqi's shares have been suspended from trading since May 2, the first trading day after it released its annual report for 2011.
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