Shanghai: CSC Phoenix announced that it has signed an agreement with TF Securities to appoint the latter as its re-listing sponsor.
CSC Phoenix’s stock trading has been suspended since May 16 this year as it had been suffering from losses for three consecutive years.
The company is currently in the process of restructuring and making efforts to resume stock trading from next year.
If CSC Phoenix fails to resume stock trading, TF Securities will be the broker for transferring the company’s shares. [14/08/14]