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home / news releases / NEW - NYSE suspends trading in Puxin to begin delisting proceedings

NEW - NYSE suspends trading in Puxin to begin delisting proceedings

Puxin Limited American Depositary Shares each representing two
NYSE said Tuesday it will begin proceedings to delist the American depositary shares of Chinese private educational services provider Puxin (NYSE:NEW). Trading in NEW's ADSs, which was halted since May 3, will now be suspended immediately. NYSE said NEW was no longer suitable for listing after the Grand Court of the Cayman Islands ordered the winding up of the firm on Apr. 29. NEW has a right to review this decision. NYSE will apply to the SEC to delist NEW's the securities once all applicable procedures are completed, including any appeal by NEW. NEW in Feb. said it was looking to enter the fast-food chain restaurants business in China.

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NYSE suspends trading in Puxin, to begin delisting proceedings
Stock Information
Company Name: Puxin Limited American Depositary Shares each representing two
Stock Symbol: NEW
Market: NYSE
Website: pxjy.com
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