Page 2 - Delisting
Alibaba striving to maintain US listing amid SEC's delisting fears
Chinese e-commerce firm Alibaba said on Monday that it wants to keep its shares listed in both New York and Hong Kong, days after US regulators included it in a list of companies that may be delisted
 "Alibaba striving to maintain US listing amid SEC's delisting fears")
US lists more Chinese firms to delist them from American exchanges
In a fresh crack down on Chinese companies, the US Securities and Exchange Commission (SEC) has added over 80 firms to its list that is likely to delist them from American exchanges, including China's JD.com, China Petroleum & Chemical Corp, JinkoSolar, Pinduoduo, Bilibili, electric maker NIO Inc and NetEase.
 "US lists more Chinese firms to delist them from American exchanges")
Delisting fears: China may let US in on audits of some companies
Companies such as quick service restaurant operator Yum China Holdings could be examples of those that the provision would apply to
 "Delisting fears: China may let US in on audits of some companies")
Sebi amends delisting rules to make M&A transactions more convenient
Sebi has amended rules pertaining to delisting of equity shares of a company following an open offer as part of efforts to make merger and acquisition transactions for listed companies more convenient
 "Sebi amends delisting rules to make M&A transactions more convenient")
Didi Global shares plunge more than 20% on plan to delist from NYSE
Didi, whose apps, in addition to ride-hailing, offer products such as delivery and financial services, remains under investigation
 "Didi Global shares plunge more than 20% on plan to delist from NYSE")
China regulator seeks to avoid delisting of Chinese firms from US exchanges
U.S. authorities are moving towards kicking foreign companies off American stock exchanges if their audits fail to meet U.S. standards.
 "China regulator seeks to avoid delisting of Chinese firms from US exchanges")
Vedanta ADRs to delist from NYSE on thin trading volumes
Vedanta had earlier said the decision to delist American depositary shares from the New York Stock Exchange (NYSE) is aimed at simplification and triggered by the low trading volumes in the security
 "Vedanta ADRs to delist from NYSE on thin trading volumes")
Improving market efficiency
Sebi's decisions are in the right direction
Sebi board clears frameworks for gold, social stock exchanges
The instruments representing gold will be called Electronic Gold Receipts (EGRs) and will be notified as securities; Sebi board also approves proposal to amend delisting framework after open offer
Sebi defines 'same line of business' under delisting rules: Details here
There are numerous listed companies which have listed subsidiaries engaged in the same line of business, and equity shares of both entities are actively traded on stock exchanges
Sebi tweaks delisting rules to make process transparent, efficient
This comes after the board of Sebi approved several amendments to delisting norms in March to make the process more transparent and efficient
Prabhat Dairy to be delisted from BSE and NSE on April 30
Prabhat Dairy will be delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said
 "Prabhat Dairy to be delisted from BSE and NSE on April 30")
Vedanta open offer subscribed just 58% after failed delisting bid
Following open offer, promoter holding in Vedanta is set to rise by 10%. Currently, promoter group holds 55.1%. Had the maximum 651 mn shares been tendered, promoter stake would have risen to 72.6%
 "Vedanta open offer subscribed just 58% after failed delisting bid")
Compulsory delistings outnumber voluntary ones by 50% so far this year
Half a dozen companies have already been delisted compulsorily in 2021
 "Compulsory delistings outnumber voluntary ones by 50% so far this year")
US SEC begins rollout of law aimed at delisting Chinese companies
The top US securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do not comply with auditing standards
 "US SEC begins rollout of law aimed at delisting Chinese companies")
Value of delisting offers at record-high amid pandemic surge, shows data
Acquired amount also among highest on record
 "Value of delisting offers at record-high amid pandemic surge, shows data")
China says it will take action against US delisting of its telecom firms
In its final weeks before President-elect Joe Biden takes office on Jan. 20, the Trump administration has stepped up its hardline stance against China
 "China says it will take action against US delisting of its telecom firms")
Sebi grants exemptions for delisting of Pagita Leasing and Finance Company
Regulator Sebi has granted certain exemptions to Pagita Leasing and Finance Company Ltd for voluntary delisting of its equity shares.
Lakshmi Vilas Bank will finally delist from bourses on December 18
Move follows a November 25 gazette notification to this effect, issued by Department of Financial Services, Ministry of Finance
 "Lakshmi Vilas Bank will finally delist from bourses on December 18")
FTSE Russell to drop eight Chinese companies after US blacklisting
The move shows how a recent bid by the White House to give teeth to a blacklist of Chinese companies allegedly backed by China's military could crimp US investments in the country
 "FTSE Russell to drop eight Chinese companies after US blacklisting")
