[ verb ] remove (a security) from listing at a stock exchange <verb.possession>
China is furious with Jardine, which is to delist from the Hong Kong stock exchange at the year's end.
For one thing, it had been frowned upon by the New York Stock Exchange, at times banning the issuing of dual classes of stock and threatening to delist companies that did so.
An application will be made to the Securities and Exchange Commission to delist the issues.
Separately, the New York Stock Exchange suspended trading in Benequity units and said it will make application to the Securities and Exchange Commission to delist the issue.
In Hong Kong, where stocks fell sharply partly on worries that Jardine Matheson Holdings may delist itself from the bourse, the diversified trading company's shares jumped 75 cents, or 2.3%, to 33 Hong Kong dollars (US$4.26).
After the suspensions, the exchange will apply to the Federal Deposit Insurance Corp. to delist American Savings and to the Securities and Exchange Commission to delist Homestead Financial and Canal Capital.
After the suspensions, the exchange will apply to the Federal Deposit Insurance Corp. to delist American Savings and to the Securities and Exchange Commission to delist Homestead Financial and Canal Capital.
Under one current standard, a bank can't delist a heavily leveraged transaction as long as 25% or more of the borrowing company's liabilities derive from buy-outs, acquisitions or recapitalizations.
The exchange previously had said it would delist the options on Oct. 18.
Further, the Big Board said it would suspend trading in CrossLand's common shares and preferred shares Aug. 13 and seek to delist them.
THREE foreign companies yesterday applied to delist from the Tokyo Stock Exchange's foreign section.