Replies to post #50491 on Integrated Cannabis Solutions Inc (IGPK)

[Peter Penny]

Only a noob would believe in this scam

[Papalaka]

Do you get time 1/2 for posting on a Holiday?

[JohnnyRothrock]

Billion Dollar Chinese Companies Voluntarily Delisting to…….the OTC?


Yes…its true….i didnt know this was a current trend until i read this article the other day..…we are talking billions in market cap Chinese giants, moving from even the NYSE to the OTC…..to become……..a Pink Sheet stock: …

…...(screenshots below of some of the companies mentioned in the following article….. on OTC, showing them as Pink Current stocks…..and their huge market caps….again, its a newer trend as its easier regulation-wise for Chinese companies to do this…….so in todays U.S. stock market environment, it is NO surprise and NOT unusual for billion dollar Chinese companies like $7 billion JFH — to go the same route and list on OTC Pink Sheets….).:




SEP 28, 2023
Delisting from the US: Chinese firms prove popular over the counter
By Garnet Roach


Big names delist as China seeks foreign investment for public firms under its rules and regulations


“From ride-hailing app Didi Global to China Life Insurance Company and First High-School Education Group, a number of companies that delisted from US exchanges over 2022 have found alternative avenues to access US investors.

While hundreds of Chinese firms remain listed in the US, several big-name companies chose to voluntarily delist from the NYSE last year, including a number of large state-owned enterprises (SOEs), such as China Life Insurance Company. The Beijing-headquartered company, which is traded on the Shanghai and Hong Kong stock exchanges, is one of a handful to delist and find popularity on OTC Markets.

OTC Markets has shared details with IR Magazine of six Chinese companies that left the NYSE last year – Didi Global, Huaneng Power International, China Life Insurance Company, PetroChina Co, China Petroleum & Chemical Corp and First High-School Education Group – and that are trading well on OTC. Didi Global also delisted from Nasdaq in 2020 after raising $4 bn in the US.

Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group, says ‘uncertainty around the US regulatory environment and concerns over the long-term viability of maintaining a primary listing on a US exchange, as well as changes to the Chinese regulatory environment’ are behind the shift.

He also points to a number of additional benefits to such a move: ‘It gives these companies an alternative to the cost and complexity of a US exchange listing.’ It further allows firms looking to grow their North American shareholder base to do so without having to ‘surrender’ their ‘primary market status’ to a major US exchange, he continues. This in turn allows ‘home markets to remain well populated with quality companies, offering opportunities for local investors while building a more robust secondary market and bridging the valuation gap in the US’.

Bringing foreign capital into Chinese markets

The appeal of OTC for these firms is largely around retail investment, says Hung Tran, non-resident senior fellow at the Atlantic Council GeoEconomics Center and former executive managing director at the Institute of International Finance, who adds that institutional money can easily buy and sell in Hong Kong or Shanghai, for example.“




(..again….check out the Market Caps of these Chinese Pink Sheet stocks on the OTC….so that whole ‘’why would a Chinese company list on the OTC Pink…?’ …is answered above and below). Fantastic news for everyone here invested: