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New York Stock Exchange to delist Chinese property company for failing to report financial results

New York Stock Exchange to delist Chinese property company for failing to report financial results ANI | Updated: Apr 08, 2021 21:07 IST New York [US], April 8 (ANI): The New York Stock Exchange has announced that it is planning to delist the Chinese online home platform Danke for failing to report its financial results and for not responding to repeated requests made by the American authorities. The property company, formally known as Phoenix Tree Holdings, has not reported its financial results since the first quarter of 2020 when it posted a net loss of USD 188 million, the South China Morning Post reported. Danke was founded in 2015 has reported full-year losses in the previous three years.

Updates from the SEC s Acting Director of the Division of Corporation Finance | Mayer Brown Free Writings + Perspectives

To embed, copy and paste the code into your website or blog: SEC Division of Corporation Finance Acting Director John Coates participated in a fireside chat on April 7, 2021 during the annual Global Capital Markets & the US Securities Laws program hosted by the Practicing Law Institute (PLI). Acting Director Coates, when asked about his priorities at the SEC, mentioned three items: the “unprecedented surge” in special purpose acquisition company (SPAC) filings, reporting company ESG disclosures (including disclosure of climate change and potentially political spending), and improvement of the proxy voting system (commonly referred to as “proxy plumbing”). With respect to ESG issues on a global scale, Acting Director Coates provided insight into the International Organization of Securities Commissions’ recent statement announcing the creation of a Technical Expert Group co-led by the SEC to undertake an assessment of the recommendations to be developed as part of the IFRS

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