Sep. 7 at 4:21 AM
$AIU Meta Data Limited (AIU), a company that was formerly known as OneSmart International Education Group Limited, entered official liquidation on August 7, 2024. The Grand Court of the Cayman Islands ordered the liquidation, and trading of the company's shares has been halted since August 13, 2024.
The New York Stock Exchange (NYSE) announced that it will begin delisting proceedings against AIU on August 20, 2024. The NYSE will apply to the Securities and Exchange Commission to delist the company's American depositary shares (ADSs) after completing all applicable procedures.
The company's Joint Official Liquidators are Simon Richard Conway, Yat Kit Jong, and Ka Yee Annette Lee of PwC. The liquidators are currently assessing the company's financial status, and share transactions on the NYSE are now subject to validation by the Cayman Islands Court.
When a company is liquidated, the shares become worthless, and investors can declare their shares as a capital loss.
