Removing a company from an Index after it has been suspended from trading for 50 (!!) days, they must be joking! Index providers (esp FTSE, MSCI, S&P) must be controlled, by investment community or by regulators.
https://www.cnbc.com/2017/07/30/msci-warns-chinese-companies-with-suspended-shares-they-could-get-dropped-from-the-emerging-markets-index.html
Barnes & Thornburg’s Jay Knight flagged a comment letter exchange in which
the Staff questioned the timeliness of a company’s Form 8-K reporting a
director...
17 hours ago