TAL - TAL Education addresses delisting risk affirms intention to stay NYSE listed

TAL Education Group (NYSE:TAL) is seeking to stay on the NYSE despite threats of delisting from the SEC.  The Chinese education technology company was added to a list of companies that face delisting from U.S. exchanges under the Holding Foreign Companies Accountable Act on Friday. The company joins tens of China-based companies that have been cited as failing to meet U.S. auditing standards. On Tuesday, the company indicated it is “evaluating all strategic options to protect the interest of its stakeholders” and will comply with the decisions of regulators in both the U.S. and China. In doing so, the company stated its hope to placate U.S. regulators and maintain its listing status on the New York Stock Exchange. Read more on the delisting fears facing many Chinese education tech companies from both the HFCAA and significant crackdowns in China that have led shares to crater.

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TAL Education addresses delisting risk, affirms intention to stay NYSE listed