A number of property developers listed on the Chinese mainland are scrambling to conduct share buybacks or issue more equity through private placements after a plunge in their stock prices put them at risk of being kicked off the country's bourses. For some, it's already too late.
On Thursday, Myhome Real Estate Development Group announced that it would be delisted from the Shenzhen Stock Exchange the following day because its share price had closed below 1 yuan (14 cents) for 20 consecutive trading days through May 25, after which its shares were suspended.
