DALIAN, China -- Chinese streaming service Leshi Internet Information & Technology's stock market listing has been suspended, the company said Monday, as debts mount from its aggressive diversification efforts.
The suspension was prompted by roughly 3 billion yuan ($439 million) in negative net assets booked for 2018. The company will be delisted from the Shenzhen Stock Exchange's ChiNext board for startups if it fails to regain positive net worth within the next year.
