BVI-registered China Networks International Holdings Ltd., whose common stock, units and warrants are to be delisted from the NYSE Amex, reported that it was informed about this, as well as of the fact that the company’s listed securities were to be suspended from trading pending satisfaction of certain listing criteria, first of all the minimum public shareholder count.
The BVI company, which failed to meet initial listing requirements following the merger of Alyst Acquisition Corporation with China Networks Media, Ltd., is now in the process of augmenting its shareholder base and addressing other requests of the Exchange. China Networks expects its securities will become eligible for quotation in the Over-the-Counter market during the period of the appeal with the Exchange.