Dunxin Financial Holdings faces delisting from NYSE American

On September 17, 2024, Dunxin Financial Holdings Limited received a notification from NYSE Regulation regarding the suspension of trading of its American Depositary Shares (ADS) due to a low selling price. This notification initiated delisting proceedings under Section 1003(f)(v) of the NYSE American Company Guide. In response, the company announced its intention to appeal the decision to the Exchange's Listing Qualifications Panel, although the outcome of the appeal remains uncertain. Dunxin, which operates in real estate management and digital technology security, has begun trading under the symbol 'DXFFY' on the OTC Pink market as of September 18, 2024. The company’s CEO, Longwen (Stanley) He, expressed confidence in the company’s operational management and financial health following a successful business restructuring. He emphasized that new ventures are already contributing positively to revenue. The company’s management is committed to cooperating with the Exchange during the appeal process, indicating a proactive approach to addressing the delisting issue. However, the situation highlights the challenges faced by companies listed on stock exchanges, particularly regarding compliance with listing standards. Investors are advised to be cautious regarding forward-looking statements made by the company, as these involve inherent risks and uncertainties that could affect future performance. The company’s filings with the SEC provide further insights into the risks and factors that could impact its business development and market position.