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On Dec. 2 , the U.S. Securities and Exchange Commission completed all the preliminary procedures necessary to begin a delisting process for Chinese stocks through the Holding Foreign Companies Accountable Act.
However, the earliest any termination in trading could occur is early 2024, Morgan Stanley analysts predicted in a Dec. 3 note.
In the last few years, many major U.S.-listed Chinese companies like Alibaba, Baidu and JD.com have completed secondary stock offerings in Hong Kong.
In the event of a stock’s delisting from New York, investors could exchange their U.S.-listed shares for the Hong Kong-listed ones. Not all U.S.-listed Chinese companies are eligible for secondary listings in Hong Kong, Morgan Stanley analysts noted.
Last summer, Chinese coffee chain operator Luckin Coffee was delisted from the Nasdaq after the company revealed the fabrication of 2.2 billion yuan ($340 million) in sales. The stock plunged to a low of 95 cents a share in June 2020.
But shares rose even after going “over-the-counter” and closed at $12.92 each overnight.
https://www.cnbc.com/2021/12/10/what-hap...list-.html
However, the earliest any termination in trading could occur is early 2024, Morgan Stanley analysts predicted in a Dec. 3 note.
In the last few years, many major U.S.-listed Chinese companies like Alibaba, Baidu and JD.com have completed secondary stock offerings in Hong Kong.
In the event of a stock’s delisting from New York, investors could exchange their U.S.-listed shares for the Hong Kong-listed ones. Not all U.S.-listed Chinese companies are eligible for secondary listings in Hong Kong, Morgan Stanley analysts noted.
Last summer, Chinese coffee chain operator Luckin Coffee was delisted from the Nasdaq after the company revealed the fabrication of 2.2 billion yuan ($340 million) in sales. The stock plunged to a low of 95 cents a share in June 2020.
But shares rose even after going “over-the-counter” and closed at $12.92 each overnight.
https://www.cnbc.com/2021/12/10/what-hap...list-.html
