China firm whose rally baffled world set to be delisted from Nasdaq

China firm whose rally baffled world set to be delisted from Nasdaq

Photo: REUTERS/Brendan McDermid/Files

Wins Finance Holdings Inc., the Chinese loan guarantor that couldn’t explain a 4,555 percent surge in its stock, is set to be delisted from the Nasdaq Stock Market, which cited violations of exchange rules related to its shareholder base.

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