NYSE To Begin Delisting Proceedings Against Moatable
Portfolio Pulse from Benzinga Newsdesk
The New York Stock Exchange (NYSE) has announced it will start delisting proceedings against Moatable, with the trading of the company's American Depositary Shares (ADSs) being suspended immediately.

April 03, 2024 | 8:27 pm
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Moatable's ADSs will be suspended from trading immediately as NYSE begins delisting proceedings.
The immediate suspension of trading and the start of delisting proceedings are strong negative signals to investors, indicating significant issues with the company's compliance or financial health. This typically leads to a loss of investor confidence and can significantly impact the stock's perceived value, leading to a likely decrease in any remaining over-the-counter (OTC) trading prices.
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IMPORTANCE 100
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