Grand Baoxin Auto Group (DE:6BA) has released an update.
Grand Baoxin Auto Group Limited, a subsidiary of China Grand Automotive Services Group, announced that its controlling shareholder received a notice from the Shanghai Stock Exchange regarding the proposed delisting of its shares and bonds. This action was triggered by the company’s shares closing below RMB1.00 for 20 consecutive days. Despite this development, the company’s directors believe there will be no material impact on its operations or financial position.
For further insights into DE:6BA stock, check out TipRanks’ Stock Analysis page.
