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The Delisting Fiasco
Webb-site.com, 29-Jul-2002
Despite clear warnings of the consequences, HKEx on Thursday announced proposals to delist companies that fail to meet certain criteria of market cap, shareholders equity, profitability, clean audit reports or nominal share prices. The rational consequence was a crash in micro-cap stocks on Friday, followed by a hurried Sunday afternoon withdrawal of the proposals, for now at least. We give you the background.

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