Onion Global was notified by the NYSE on January 3 that the NYSE has determined to commence proceedings to delist the American depositary shares of the company, each ten ADS representing one Class A ordinary shares, and that trading in the ADSs would be suspended immediately. The NYSE Regulation reached its decision to delist the ADSs because the company had fallen below the NYSE’s continued listing standard. The company expects to apply for quotation of its ADSs on an appropriate tier of the OTC Markets.
Published first on TheFly
