What happened to China Mobile shareholders when they delisted? Do they receive cash? or foreign shares? What would happen to BABA shareholders if they are forced to delist?
My guess is it was broker/custodian dependent... I want to say that ADR holders had the option to convert to common shares listed overseas... likely others were cashed out before trading stopped.
What happened to China Mobile shareholders when they delisted? Do they receive cash? or foreign shares? What would happen to BABA shareholders if they are forced to delist?
My guess is it was broker/custodian dependent... I want to say that ADR holders had the option to convert to common shares listed overseas... likely others were cashed out before trading stopped.
If they are cashed out, how do they determine how much cash to pay for each share?