Somebody was buying right up till the end of ADR trading, so they must have thought there was value to be had. The U.S. ADRs were composed of two Ordinary Shares - are those Ordinary Shares trading anywhere in the world? Is the Company still operating in China? Neither my broker nor Google have any information.
Ten days ago, I was told that though the sponsorship of the ADRs was being terminated, after termination there still could be brokers making a market in the stock. However, I can't find a trading symbol, even on the pink sheets, for this stock. Anyone else?
It was in the green most of the morning and all afternoon, then in the last half hour of trading, it dropped 5% on high relative volume. Somebody still has a lot more shares they want to exit, seemingly not because of the fundamentals of the Company. What gives?