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SEC adds Tencent, JD.com, China Mobile to group facing potential delisting

May 6, 2022
Source: leportale.com leportale.com
News Snapshot:
More Chinese tech companies including Tencent , JD .com, and China Mobile face delisting by the US Securities and Exchange Commission (SEC) thanks to opaque disclosures . Tencent -affiliated gaming outfits Huya and Douyu , internet datacenter services provider Vnet Group, and online game services provider NetEase were among more than 80 fresh additions to a provisional list of companies on May 4. The grouping is presented as part of the Holding Foreign Companies Accountable Act (HFCAA) . The act requires some companies that issue securities in the US to allow local auditors to understand how many of its shares...
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