China Delists Zhuhai Boyuan For Breaching Disclosure Norms

Zhuhai Boyuan is gone…. On Monday, the Shanghai Stock Exchange for the first time delisted a company for violating rules on information disclosures as the country cracks down on market irregularities. For lack of a previously strong delisting mechanism, it was difficult to delist a Chinese company once it got listed, in today’s not the Onion headline from China, and a change in tactics from just a few years ago… Zhuhai Boyuan’s violation was “very grave” In a statement published on its website, the Shanghai Stock Exchange said that Zhuhai Boyuan Investment had broken the rules on important matters of information disclosure. The…