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U.S. delists 19 Chinese companies in H1


08:21, July 04, 2012

BEIJING, July 3 (Xinhua) -- Nineteen Chinese companies were delisted from American exchanges during the first half of the year, according to a report issued Tuesday by Ernst & Young's.

Only one Chinese company held a successful initial public offering (IPO) in the United States during the first half, down from 13 in the same period last year.

During the first half, a total of 402 IPOs raised 59.2 billion U.S. dollars worldwide, a decrease of 41 percent by deal numbers and 47 percent lower by capital raised compared to the first half of last year, the report said.

Chinese IPO activity also slowed dramatically from one year earlier. There were 104 IPOs in the A-share market in the first half, raising 73 billion yuan (11.59 billion U.S. dollars), down 38 percent by deal numbers and 58 percent by funds raised from the same period last year, according to the report.


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wende at 2012-07-0471.251.43.*
It is better for Chinese companies to study US laws and hire US legal experts to staff their ranks because it is detrimental to Chinese companies with the irresponsible negative reports. Chinese companies should be able to sue these irresponsible writers in the court of law.

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