This is huge and consequential news!
Why these state owned companies of a communist regime were allowed to list in the first place is strange, but it is good business.
Lenin is believed to have said "The capitalists will sell us the rope with which to hang them."
"Five Chinese state-owned companies are seeking to delist from the US amid an unresolved auditing dispute that could see dozens of mainland Chinese firms ejected from American exchanges, as ties between the two nations continue to worsen. ..."
The companies cited low trading volumes, high costs and regulatory issues for their decision to voluntarily delist from the New York Stock Exchange
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