WSHLY : 0.027+0.017 (170.00%)
last trade: 0.0270 199.000
WSP Holdings Delisted from NYSE, Commences Trading on OTC Pink®
The Company received a notice from NYSE Regulation, Inc. ("NYSE Regulation") that NYSE Regulation had determined to commence proceedings to delist the American Depositary Shares (the "ADSs") of the Company from the New York Stock Exchange ("NYSE"). NYSE Regulation reached its decision to delist the ADSs pursuant to Listed Company Manual ("LCM") Section 802.01B because the Company had fallen below the NYSE's continued listing standard requiring listed companies to maintain a minimum average global market capitalization over a consecutive 30 trading day period of at least $15,000,000.
The Company's ADSs are now being traded on the OTC Pink® Marketplace under the symbol "WSHLY."
Shares Outstanding: 20.44M
Float: 2.55M
MKTC: $551.880
shareholders:
CEO Longhua Piao holds a (majority) 50.9% of the O/S, or 10.4 million shares.
UMW Holdings maintains a 4.6 million share position in wshly, which is 22.5% of the O/S. Their cost basis is approximately $7 per share.
Oaktree Capitol (OAK) holds 6.9% of the O/S, or 1.41 million shares.
Other institutional holders of include Credit Suisse (269K shares), Wellington Management Co LLP (268K shares), Prescott Group Capital Management LLC (142K shares), and other various funds holding small amounts totally 149k shares.
