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Steps to the SEC Delisting Chinese Stocks and How to Prepare

December 3, 2020 admin Comments Off on Steps to the SEC Delisting Chinese Stocks and How to Prepare

The House just voted on a restrictive bill that could result in delisting Chinese stocks.
The Holding Foreign Companies Accountable Act (S. 945) mandates that any Chinese firms traded on a major U.S. exchange will need to open up their books and prove they’re not under the control of the Chinese government.

This legislation passed in the Senate in May. It was just a month after the Luckin Coffee scandal in which the Chinese rival to Starbucks was caught fabricating as much as $310 million in sales. The scandal resulted in Luckin getting booted off the Nasdaq. And share price of the …read more […]

Healthcare

Skylight Health (OTC: CBIIF) to Enter into 15th State with Acquisition of Tennessee Clinic with $2.2 million in Revenue and $0.4 million EBITDA

December 3, 2020 admin Comments Off on Skylight Health (OTC: CBIIF) to Enter into 15th State with Acquisition of Tennessee Clinic with $2.2 million in Revenue and $0.4 million EBITDA

Tennessee-based Perimeter Pain and Primary Care Clinic is an established medical practice servicing over 12,000 patients per year. In 2019, the clinic generated CAD 2.2 million in revenues and CAD 400,000 in net income. Forecasted […]