SHANGHAI -- The U.S. Securities and Exchange Commission has placed Chinese social media platform Weibo among a group of stocks facing delisting, extending the roster of Chinese companies flagged for failing to meet financial disclosure requirements.
Nasdaq-listed Weibo becomes the sixth Chinese corporation cited by the SEC for possible delisting under a 2020 law on financial disclosures, according to Wednesday's announcement. Yum China Holdings, which operates KFC chicken restaurants in China, was among the five others named earlier this month.
