May 25, 2023 06:22 AM

Tahoe Group Faces Delisting From Shenzhen Stock Exchange

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What’s new: Debt-ridden real estate developer Tahoe Group Co. Ltd. said its stock faces delisting from the Shenzhen Stock Exchange as the shares traded below 1 yuan ($0.14) for 13 consecutive days and aren’t likely to return to the 1 yuan threshold before a 20-day limit.

Stocks are automatically delisted if they trade for less than 1 yuan for 20 straight days or if their market value falls below 300 million yuan for a similar period, according to the Shenzhen bourse’s listing rules.

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