Shenzhen bourse delists two firms under new rules

China’s Shenzhen Stock Exchange will delist two loss-making companies, the first delistings under tighter rules for underperforming firms aimed at boosting confidence in the sluggish equities market.

Software producer Powerise Information Technology and real estate firm Jiangsu Chinese Online Logistics will be delisted next week in accordance with the new rules announced in June, the exchange said in a statement late on Monday.

via Business feed http://www.scmp.com/business/companies/article/1112576/shenzhen-bourse-delists-two-firms-under-new-rules