DALIAN, China -- Foundering Chinese video-streaming company Leshi Internet Information & Technology looks set to be delisted from the Shenzhen Stock Exchange as it nears a key deadline with no path to recovery in sight.
Leshi was suspended from the startup-focused ChiNext board on May 13, 2019, after reporting roughly 3 billion yuan ($423 million at current rates) in negative net assets for 2018. Exchange rules stipulate that the listing must be terminated if the company fails to recover within the following year.
