It also plans to delist from the main stock market and apply to join AIM.
His appeal of Nasdaq's decision to delist his company was denied last January.
If the Shanghai-based advertiser actually goes private, it will be the largest Chinese company to delist from a U.S. exchange.
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Meanwhile, Mr. Ahmadinejad chastised the State Department's decision last week to delist an Iranian opposition group from a U.S. terrorism list.
Earlier in January, Nasdaq sent them a letter threatening to delist the stock for having a stock price below a dollar.
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The recent problems compelled the Nasdaq stock market to delist Comverse shares earlier this year, sending them to the Pink Sheets on Feb. 1.
This year, the NYSE has finally said that it may abandon its so-called rule 500, which had made it difficult for companies to delist.
This year, the NYSE has finally said that it may abandon its so-called rule 500, which has made it difficult for companies to delist.
On March 16th Digicube, a Japanese game distributor, announced that it would be the first company to delist, citing the market's inability to make itself investor-friendly.
Because of increasing wolf populations in Minnesota and neighboring Michigan and Wisconsin, the U.S. Fish and Wildlife Service is proposing to delist the species within the next year.
Michael Dell, who is currently chairman and chief executive of the company, would delist it from the stock exchange, while the two new offers would take control but retain the listing.
Last week the company announced on April 11 that it will delist its American Depositary Shares (ADSs) from the New York Stock Exchange on or about April 22 of this month.
The Federal Housing Finance Agency, the companies' conservator, directed Fannie and Freddie to delist their shares, which they expect to be traded in the over-the-counter market under tickers that have yet to be assigned.
"FHFA's determination to direct each company to delist does not constitute any reflection on either's current performance or future direction, nor does delisting imply any other findings or determination on the part of FHFA as regulator or conservator, " said FHFA Acting Director Edward J.
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