Bachoco initiates process to exit New York Stock Exchange at the eleventh hour.

The company anticipates that, in the near future, they will be required to take actions to cancel their registration and terminate their reporting obligations under the Securities Exchange Act of 1934. , as amended), the United States Securities Act.

“It is not expected that the delisting on the NYSE, nor the termination of the registration under the Securities Market Law of the United States, will affect the continuity of the listing of the shares representing the capital stock of Bachoco on the Mexican Stock Exchange and/or the registration of said actions before the National Banking and Securities Commission,” the company said.

Bachoco reported in a statement sent to the Mexican Stock Exchange (BMV) that it will keep its investors informed of any important developments as necessary or appropriate.

Industrias Bachoco debuted on the Mexican Stock Exchange and the New York Stock Exchange (NYSE) in September 1997. After 25 years in the stock market, Bachoco’s controlling family made public its intentions to take the company off the stock market, without revealing the motive behind this move. This, however, does not mean that the issuer will disappear from the Stock Market, since it can see an option in the debt market.

Read more:  Small businesses go bankrupt or suspend their activities. CEIDG data

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick