(Reuters) - Several foreign companies have recently delisted their shares from U.S. exchanges due to the high cost of maintaining a listing and complying with the Sarbanes-Oxley Act, a set of tough accounting laws enacted to combat fraud after the Enron scandal.
Millea said it no longer made sense to pay to keep its listing and report under U.S. accounting standards given that trading of its shares on Nasdaq accounted for only 2 percent of its total trading volume over the past 12 months.
Read more at Reuters.com Business News
Millea said it no longer made sense to pay to keep its listing and report under U.S. accounting standards given that trading of its shares on Nasdaq accounted for only 2 percent of its total trading volume over the past 12 months.
Read more at Reuters.com Business News
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