Greater China

Nanjing Tanker to delist from Shanghai Stock Exchange

Shanghai: Nanjing Tanker, the oil shipping arm of Sinotrans & CSC Group, announced today that the company expects to post a significant loss for the year 2013 and it will delist from Shanghai Stock Exchange after their annual report is released.

Nanjing Tanker has already been suspended from the exchange after reported losses in three consecutive years from 2010 to 2012.

Nanjing Tanker will also become the first state-run company to delist from the stock exchange. [10/01/14]


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