- Linktone (LTON -29.6%) shares tumble after the company announces it will voluntarily delist its ADSs from the NASDAQ on Jan. 12. The company expects shares to subsequently trade on the Pink Sheets.
- ADS shareholders have the option to convert their shares to CHESS Depository Receipts traded on the Australian Stock Exchange.
- The board believes "the savings that will benefit shareholders and the Company outweigh the advantages of continuing as a dual-listed, U.S. reporting company."
Linktone tumbles on voluntary NASDAQ delisting announcement
Dec 20 2013, 12:51 ET