NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
| UNITED STATES |
| OMB APPROVAL |
| OMB Number: |
3235-0080 |
| Expires: |
March 31, 2018 |
| Estimated average burden |
| hours per response: |
1.7 |
|
|
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549 |
| FORM 25 |
NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
|
| Commission File Number |
001-34754 |
|
|
(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)
|
| Address: |
Bohai Industrial Park Shouguang |
|
Shandong |
|
262715 |
| Telephone number: |
| |
|
|
(Address, including zip code, and telephone number, including area code, of Issuer's
principal executive offices)
|
| American Depositary Shares, each representing one ordinary shares |
|
(Description of class of securities)
|
|
|
Please place an X in the box to designate the rule provision relied upon to strike
the class of securities from listing and registration:
|
|
|
Pursuant to the requirements fo the Securities Exchange Act of 1934,
NEW YORK STOCK EXCHANGE LLC
certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing the Form 25 and has caused this notification to be
signed on its behalf by the undersigned duly authorized person.
|
| 2019-07-03 |
By |
Jonathan Martin |
|
Manager, Market Watch and Proxy Compliance |
| Date |
|
Name |
Title |
|
| 1 |
Form 25 and attached Notice will be considered compliance with the provisions of
17 CFR 240.19d-1 as applicable. See General Instructions.
|
|
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
|
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
The New York Stock Exchange ('NYSE' or the 'Exchange') hereby notifies the Securities and Exchange Commission (the 'Commission') of its intention to remove the American Depositary Shares (each representing one ordinary share) (the 'ADSs') of China New Borun Corporation (the 'Company') from listing and registration on the Exchange at the opening of business on July 15, 2019, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the ADSs are no longer suitable for continued listing and trading on the Exchange.
The Exchange has determined that the Company is no longer suitable for listing based on an average closing price of less than $1.00 over a consecutive 30 trading-day period and failure to cure this non-compliance within the required timeframe, pursuant to Section 802.01C of the Listed Company Manual.
The Exchange, on June 18, 2019, determined that the ADSs of the Company should be suspended immediately from trading, and directed the preparation and filing with the Commission of this application for the removal of the ADSs from listing and registration on the Exchange. The Company was notified by phone and by letter on June 18, 2019.
Pursuant to the above authorization, a press release regarding the proposed delisting was issued and posted on the Exchange's website on June 18, 2019. Trading in the ADSs was suspended after market closed on June 18, 2019.
The Company had a right to appeal to a Committee of the Board of Directors of the Exchange (the 'Committee') the determination to delist the ADSs, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. The Company did not file such request within the specified time period. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.
