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.
