Nanjing Tanker to delist from Shanghai Stock Exchange

Shanghai: Financially-troubled Nanjing Tanker has reported a huge net loss of RMB5.9bn for the fiscal year of 2013. The company has been suffering losses for four consecutive years, and Shanghai Stock Exchange will decide in the next 15 trading days if it will delist Nanjing Tanker.

Nanjing Tanker said if the company delists from the exchange, it will apply to transfer the shares into National Equities Exchange and Quotations (NEEQ) and appoint China Securities Depository and Clearing Corporation Limited (CSDC) to handle the registration, depository and clearing of all its shares. [24/03/14]

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