Core Viewpoint - Dunxin Financial Holdings Limited has received notification from NYSE American regarding the suspension of trading of its American Depositary Shares (ADS) and the initiation of delisting proceedings due to low selling prices, with plans to appeal this decision [1][2]. Group 1: Company Overview - Dunxin Financial Holdings Limited operates in real estate operation management and investment, as well as digital technology security in Hong Kong [3]. - The company previously functioned as a licensed microfinance lender in Hubei Province, China, but has ceased offering loans since 2020 [3]. Group 2: Recent Developments - Trading of Dunxin's ADS has transitioned to the OTC Pink market under the symbol "DXFFY" as of September 18, 2024 [2]. - The CEO, Longwen (Stanley) He, expressed confidence in the company's operational management and financial health following a successful business restructuring, noting that new ventures are contributing to revenue [2].
Dunxin Financial Holdings Limited Announces NYSE American Notice of Delisting