State-Backed Nanjing Tanker Corp Delisted from Shanghai Stock Exchange

SHANGHAI, April 11 (Reuters) - Loss-making shipping company Nanjing Tanker Corp will be delisted from the Shanghai Stock Exchange after a five-day grace period, marking the first time for a company backed by the central government to be dropped from a domestic exchange. The delisting comes after the government allowed China's first-ever public bond default in March and … [Read more...]

China’s Nanjing Tanker Poised To Delist, Underscoring Corporate Woes

  By Matthew Miller and Fang Yan BEIJING, Feb 18 (Reuters) - CSC Nanjing Tanker Corp is poised to become the first company backed by China's central government to delist from a domestic stock market after it breaches exchange rules and reports its fourth consecutive year of losses. The expected delisting of Nanjing Tanker, the oil and bulk chemicals marine … [Read more...]