Entrée Resources to stop trading at NYSE www.zgm.mn
Entrеe Resources, one of the owners of Oyu Tolgoi licenses, announced its decision to cease ordinary shares trading listed at the New York Stock Exchange (NYSE).
The request for withdrawal of securities from the registry is scheduled on September 20 and the last transaction will be due on September 30.
The company has received a warning from the NYSE, due to the requirement issues. Following the situation, the board of the company voluntarily canceled its listing at the stock exchange. Entrеe Resources is seeking to trade at another U.S-listed Stock Exchange, which is more suitable. However, trading on the Toronto Stock Exchange is still normal. Since 2019, the share prices of the company down nearly double, reaching 30 cents.
Rio Tinto and Turquoise Hill Resources are the major shareholders of Entree Resources.