HomeChina Stock News Brilliance China Automotive to withdraw from US stock market
Brilliance China Automotive to withdraw from US stock market
Written by Administrator
Friday, 06 July 2007
BEIJING, July 6 (InfoChina) – Brilliance China Automotive Holdings Ltd. (NYSE: CBA HK:1114) announces on Friday its board decision to stop American Depositary Shares (ADS) trading on the US stock market, out of considerations about sparse trading of the company's ADSs and the increased costs of complying with US reporting and registration obligations.
This decision has been reported to New York Stock Exchange.
CBA’s ADSs each represents 100 ordinary shares with a par value of 0.01 US dollars.
After the removal of ADS trading, CBA shares can be still traded in the US OTC (over-the-counter) markets. (Edited by Lin Fanjing,
)
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