China Southern Airlines to Delist From NYSE
January 13 2023 - 6:50AM
Dow Jones News
By Will Feuer
China Southern Airlines Co. said it has notified the New York
Stock Exchange that it plans to apply for the voluntary delisting
of its American depositary shares that trade on the NYSE.
The Guangzhou-based airline gave various reasons for the
delisting. It said its NYSE-listed ADSs have relatively limited
trading volume, and that the company has never conducted a
follow-on financing of securities listed on the NYSE since the
listing of its ADSs on the NYSE.
China Southern Airlines also said the Stock Exchange of Hong
Kong and the Shanghai Stock Exchange are strong alternatives for
the company, and there are considerable costs associated with
maintaining the listing of the ADSs on the NYSE.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 13, 2023 07:35 ET (12:35 GMT)
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