Date
12 December 2017

Nanjing Tanker on course for delisting first, paper says

Nanjing Tanker Corp., the listed subsidiary of state conglomerate Sinotrans & CSC, is expected be delisted after it posted a 5.9 billion yuan (US$950 million) loss for 2013, China Daily reported Monday. It’s likely that Nanjing Tanker will be the first delisted state-owned enterprise directly under the State-owned Assets Supervision and Administration Commission, analysts said. The company has made a loss each year since 2010, the report said. The Shanghai Stock Exchange must decide within 15 trading days whether to delist Nanjing Tanker, it said.

– Contact HKEJ [email protected]

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