Baidu Added to SEC List of Firms Facing Possible Delisting (3)

The Securities and Exchange Commission on Wednesday added Baidu Inc. to a growing list of companies that may get kicked off American stock exchanges because of Beijing’s refusal to permit U.S. officials to review their auditors’ work.

The SEC’s publication of the businesses’ names is required by a 2020 U.S. law that started a three-year clock for firms to comply with inspection requirements that cover all public companies in the U.S. The SEC also added Futu Holdings Limited, Nocera Inc., iQIYI Inc. and CASI Pharmaceuticals Inc. to its provisional list for possible delisting.

WATCH: The SEC added Baidu Inc. to a growing list of companies that could get kicked off stock exchanges.

Source: Bloomberg

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