Nasdaq tells Yandex, other Russian firms of plan to delist stocks

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

MOSCOW :The Nasdaq stock exchange has informed Russian Internet giant Yandex and e-commerce firm Ozon that their stocks will be delisted, the companies said on Wednesday, more than a year after trading in their securities was suspended. Nasdaq suspended trading in the securities of a number of companies opera

MOSCOW :The Nasdaq stock exchange has informed Russian Internet giant Yandex and e-commerce firm Ozon that their stocks will be delisted, the companies said on Wednesday, more than a year after trading in their securities was suspended.

Yandex and Ozon said they would appeal the decision. Neither company has fallen under Western sanctions, although some of Yandex's top management have. "Nasdaq’s notice of determination does not affect the company’s operations, services, financial position or ability to meet all financial obligations to partners and other counterparties," Yandex said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nasdaq to delist Russian internet giant Yandex: CompanyThe Nasdaq stock exchange has informed Russian internet giant Yandex that its stock will be delisted, Yandex said on Wednesday, over a year after trading in its securities was first suspended. Nasdaq suspended trading in the securities of a number of companies operating in Russia days after Moscow despatch
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »