S&P 500 Futures: Tests lows as China's Ctrip looks to delist from Nasdaq

Citing four sources with direct knowledge of the matter, Reuters reports in an exclusive editorial, China’s online travel giant, Ctrip, is looking to delist from Nasdaq due to the US-China escalation and the coronavirus-led hit to its business.

Key quotes

“The management of China’s largest online travel firm, with a current market value of $16.5 billion (12.84 billion pounds), has reached out to a number of financial and strategic investors including private equity firms and domestic tech companies about joining a take-private deal.”

“Ctrip’s delisting discussions, which have not been reported previously, are at an early stage and are subject to change.”

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