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Chinese Stock That Rallied 4,555% Could Get the Boot From the Nasdaq

The silhouettes of analysts are seen monitoring data at the Market Intelligence Desk (MID) inside the Nasdaq MarketSite in New York, U.S., on Thursday, Aug. 18, 2016. U.S. stocks fluctuated as investors weighed near-record equity levels, and indications an uncertain economic outlook leaves policy makers with little reason to raise interest rates. Photographer: Eric Thayer/Bloomberg

Wins Finance Holdings Inc., the Chinese loan guarantor that couldn’t explain a 4,555 percent surge in its stock, is set to be delisted from the Nasdaq Stock Market, which cited violations of exchange rules related to its shareholder base.

Nasdaq said Wins doesn’t meet regulations requiring it to have at least 300 shareholders who own 100 shares. The exchange’s decision was also based on "the making of alleged...


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