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China’s Ninestar Delisting Petition with US Gov.
is Not Going As Planned, Deadline Approaching. PDF.
Ninestar continues its steadfast pursuit of filing a delisting petition with FLETF, emphasizing the formidable hurdles involved in crafting a compelling submission under current circumstances (refer to ECF No. 152 for details). Despite ongoing efforts and substantial recent progress, the company finds itself unable to provide a definitive filing date at this juncture. (click here to download PDF)
The firm remains mindful of critical timelines, particularly under the newly enacted Third Amended Protective Order, which limits Ninestar’s legal team’s ability to leverage information from ongoing litigation for the delisting petition until July 1, 2024 (refer to ECF No. 157 ¶ 12). Should Ninestar encounter challenges meeting this deadline, the company intends to swiftly petition the Court for an extension, underscoring its proactive stance in navigating regulatory and procedural complexities.
Ninestar’s commitment to pursuing its delisting objectives underscores its dedication to regulatory compliance and strategic legal maneuvering in a challenging operational environment.
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