According to Xinhua news agency, Ruixing coffee announced on May 19 that the company had received a written notice on the withdrawal of the companys shares from the Nasdaq Stock Exchange on May 15. The lucky coffee program called for a hearing. To abide by laws and disciplines, to be honest and to keep promises, is a universal public business ethics and behavior criterion. Any illegal behavior, in any market, in any country should be punished. According to its own listing rules, NASDAQ takes such measures to the listed companies that have financial fraud, which is a regular practice of self-regulation.
The cross-border listing of enterprises is conducive to enriching the investment options of the local capital market and improving the investment income, which has proved to be a win-win choice. The Ruixing coffee incident did bring some negative effects to zhonggai stock, but in the recent international stock market volatility intensified, the overall performance of zhonggai stock is basically stable. Jinshanyun successfully listed on NASDAQ on May 8, which also shows that international investors have no less confidence in China equities; at the same time, domestic and foreign investors and market regulators also pay more attention to the information disclosure quality and compliance level of listed companies. We should abide by laws and regulations, respect the market and investors, and cherish and maintain a good image.
Reuters: NASDAQ informed Ruixing that coffee must be delisted and Baidu left behind? Net profit doubled under the epidemic, Robin Li overnight rose 6 billion 300 million Sina Q1 revenue four point three five one A year-on-year drop of 8% to US $82.4 million net profit source: Qiao JunJing, editor in charge of daily economic news_ NBJ11279