How do I deal with delisted chinese stock?

Asked 4 years ago

I have CHL in an ira with TD Ameritrade, but they haven't been able to help me. Has anybody dealt with owning shares of a delisted stock?

Andia Rispah Igobwa

Friday, May 21, 2021

Because you can't sell the shares on the stock exchange, you can do it over the counter.

You can also sell the stocks at the exit price, usually determined by the company. This process is called the Reverse Book Building.

Or you can sell to the promoters within one year.

Andrew Moran

Wednesday, July 21, 2021

When a business is delisted from a major stock exchange, like the New York Stock Exchange or the Toronto Stock Exchange, investors continue to legally own their shares, despite possessing very little value.

That said, it does suggest that something is wrong with the company's fundamentals. The company could be facing bankruptcy or the firm has failed to meet the exchange's minimum financial requirements to continue being listed.

Indeed, a stock that is trading below $1 for an extended period is generally frowned upon by the exchange.

The next step is to determine how to sell your delisted shares. This is achieved by selling them on the over-the-counter bulletin board (OTCBB) or on the pink sheets. Generally, you can still sell your shares on your brokerage account like you would any stock.





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