Dunxin Financial Holdings Limited Announces NYSE American Notice of Delisting
Dunxin Financial Holdings (NYSE American: DXF) announced on September 23, 2024, that it received a notice of delisting from NYSE American on September 17, 2024. The Exchange suspended trading of Dunxin's ADS and initiated delisting proceedings due to the low selling price of the company's ADS, citing Section 1003(f)(v) of the NYSE American Company Guide.
Dunxin plans to appeal the decision to the Exchange's Listing Qualifications Panel, although success is not guaranteed. The company's ADS began trading under the symbol DXFFY on the OTC Pink market on September 18, 2024.
CEO Longwen (Stanley) He stated that following a successful business restructuring, the company's operational management and financial health are strong, with new ventures already contributing to revenue. Management remains confident in future growth and is committed to cooperating with the Exchange during the appeal process.
Dunxin Financial Holdings (NYSE American: DXF) ha annunciato il 23 settembre 2024 di aver ricevuto una notifica di delisting da NYSE American il 17 settembre 2024. La Borsa ha sospeso la negoziazione degli ADS di Dunxin e ha avviato le procedure di delisting a causa del basso prezzo di vendita degli ADS della società, citando la Sezione 1003(f)(v) della Guida alle Società di NYSE American.
Dunxin prevede di appellarsi alla decisione del Comitato di Qualificazione per il Listing della Borsa, anche se il successo non è garantito. Gli ADS della società hanno iniziato a essere negoziati con il simbolo DXFFY nel mercato OTC Pink il 18 settembre 2024.
Il CEO Longwen (Stanley) He ha dichiarato che, a seguito di una ristrutturazione aziendale riuscita, la gestione operativa e la salute finanziaria della società sono solide, con nuove iniziative che già contribuiscono ai ricavi. La direzione rimane fiduciosa nella crescita futura e si impegna a collaborare con la Borsa durante il processo di appello.
Dunxin Financial Holdings (NYSE American: DXF) anunció el 23 de septiembre de 2024 que recibió un aviso de deslistado de NYSE American el 17 de septiembre de 2024. La Bolsa suspendió la negociación de los ADS de Dunxin e inició procedimientos de deslistado debido al bajo precio de venta de los ADS de la compañía, citando la Sección 1003(f)(v) de la Guía de Empresas de NYSE American.
Dunxin planea apelar la decisión al Panel de Cualificación para Listado de la Bolsa, aunque no se garantiza el éxito. Los ADS de la compañía comenzaron a negociarse bajo el símbolo DXFFY en el mercado OTC Pink el 18 de septiembre de 2024.
El CEO Longwen (Stanley) He declaró que, tras una reestructuración empresarial exitosa, la gestión operativa y la salud financiera de la compañía son sólidas, con nuevas iniciativas que ya contribuyen a los ingresos. La administración mantiene confianza en el crecimiento futuro y está comprometida a colaborar con la Bolsa durante el proceso de apelación.
던신 파이낸셜 홀딩스 (NYSE American: DXF)는 2024년 9월 23일, 2024년 9월 17일에 NYSE American으로부터 상장폐지 통지를 받았다고 발표했습니다. 거래소는 던신의 ADS 거래를 중단하고, 회사의 ADS의 낮은 판매 가격을 근거로 상장폐지 절차를 시작했습니다. 이는 NYSE American 회사 가이드의 제1003(f)(v)조항을 인용한 것입니다.
던신은 결정에 대해 거래소의 상장 자격 패널에 항소할 계획이지만 성공이 보장되지 않습니다. 회사의 ADS는 2024년 9월 18일 OTC 핑크 마켓에서 DXFFY 기호로 거래를 시작했습니다.
CEO 롱원(스탠리) 허는 성공적인 사업 재구성을 통해 회사의 운영 관리와 재무 건강이 튼튼하며, 새로운 사업 기회가 이미 수익에 기여하고 있다고 밝혔습니다. 경영진은 미래 성장에 대한 확신을 가지고 있으며, 항소 과정에서 거래소와 협력할 것에 전념하고 있습니다.
Dunxin Financial Holdings (NYSE American: DXF) a annoncé le 23 septembre 2024 qu'elle avait reçu un avis de radiation de la NYSE American le 17 septembre 2024. La Bourse a suspendu le trading des ADS de Dunxin et a lancé une procédure de radiation en raison du faible prix de vente des ADS de l'entreprise, citant l'article 1003(f)(v) du guide des entreprises de la NYSE American.
Dunxin envisage de faire appel de la décision auprès du panel de qualification de cotation de la Bourse, bien que le succès ne soit pas garanti. Les ADS de l'entreprise ont commencé à se négocier sous le symbole DXFFY sur le marché OTC Pink le 18 septembre 2024.
Le PDG Longwen (Stanley) He a déclaré qu'à la suite d'une restructuration réussie, la gestion opérationnelle et la santé financière de l'entreprise étaient solides, avec de nouvelles initiatives contribuant déjà aux revenus. La direction reste confiante quant à la croissance future et s'engage à coopérer avec la Bourse pendant le processus d'appel.
Dunxin Financial Holdings (NYSE American: DXF) gab am 23. September 2024 bekannt, dass es am 17. September 2024 eine Mitteilung über die Streichung von der NYSE American erhalten hat. Die Börse hat den Handel mit den ADS von Dunxin ausgesetzt und das Streichungsverfahren aufgrund des niedrigen Verkaufspreises der ADS des Unternehmens eingeleitet, unter Berufung auf Abschnitt 1003(f)(v) des NYSE American Company Guide.
Dunxin plant, gegen die Entscheidung beim Listing Qualifications Panel der Börse Berufung einzulegen, obwohl der Erfolg nicht garantiert ist. Die ADS des Unternehmens begannen am 18. September 2024 unter dem Symbol DXFFY im OTC Pink-Markt zu handeln.
CEO Longwen (Stanley) He erklärte, dass nach einer erfolgreichen Unternehmensumstrukturierung das betriebliche Management und die finanzielle Gesundheit des Unternehmens stark sind, wobei neue Unternehmungen bereits zu den Einnahmen beitragen. Das Management bleibt zuversichtlich in Bezug auf zukünftiges Wachstum und verpflichtet sich, während des Berufungsverfahrens mit der Börse zusammenzuarbeiten.
- Successful business restructuring completed
- New ventures already contributing to revenue
- Management reports robust operational management and financial health
- NYSE American suspended trading of Dunxin's ADS
- Delisting proceedings initiated by NYSE American
- Company's ADS moved to OTC Pink market
- Low selling price of company's ADS cited as reason for delisting
Insights
This delisting notice from NYSE American is a significant setback for Dunxin Financial Holdings. The company's ADS has been suspended and moved to the OTC Pink market, which typically indicates reduced liquidity and potentially lower investor confidence. The primary reason cited is the low selling price of the company's ADS, suggesting prolonged underperformance.
While the CEO claims robust operational management and financial health post-restructuring, the delisting raises questions about the company's market perception and ability to meet exchange requirements. The appeal process adds uncertainty and even if successful, regaining compliance could be challenging. Investors should be cautious, as OTC-listed stocks often face increased volatility and reduced analyst coverage.
The transition to OTC markets may impact Dunxin's ability to raise capital and maintain institutional investor interest. However, if the company can demonstrate strong financial performance and successfully appeal the delisting, there might be potential for recovery. Investors should closely monitor the appeal outcome and any forthcoming financial reports to assess Dunxin's true operational and financial status.
The Company's ADS has begun trading under the trading symbol "DXFFY" on the OTC Pink operated on the OTC Markets system effective with the open of the markets on September 18, 2024.
Dunxin's CEO Longwen (Stanley) He commented, "Following a successful business restructuring, our operational management and financial health are robust, and the new ventures are already contributing to our revenue. Management remains confident in the company's future growth and is fully committed to cooperating with the Exchange during the appeal process."
About Dunxin Financial Holdings Limited
Dunxin Financial Holdings Limited is a company engaged in real estate operation management and investment and a digital technology security business in
Safe Harbor Statement
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SOURCE Dunxin Financial Holding Limited
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