Shanghai: Nanjing Tanker, the tanker arm of CSC Sinotrans, has officially suspended its listing on Shanghai Stock Exchange (SSE) from today. It had already suspended the trading of its shares from April 22.
The company also issued a risk warning to investors that it might face delisting from the SSE if its financial status doesn’t improve after the listing suspension.
Nanjing Tanker said it would optimize its operating structure and increase COA deals with major clients. The company has just extended a COA contract with ExxonMobil for another two years. [14/05/13]
