New York Stock Exchange to delist Chinese property company for failing to report financial results


Source: aninews.in aninews.in

Key Topics in this News Article:

News Snapshot:

New York [US], April 8 (ANI): The New York Stock Exchange has announced that it is planning to delist the Chinese online home platform Danke for failing to report its financial results and for not responding to repeated requests made by the American authorities. The property company, formally known as Phoenix Tree Holdings, has not reported its financial results since the first quarter of 2020 when it posted a net loss of USD 188 million, the South China Morning Post reported. Danke was founded in 2015 has reported full-year losses in the previous three years. "The company has not provided...