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Anonymous
I'm using TD. I read that if the Chinese stock is dual-listed e.g. Alibaba, our US shares will/can be converted to the HK-equivalent at 1 US : 8 HK ratio. But I'm not familiar with the conversion process. Also, I'm using TD Ameritrade, which trades US stocks only and the depository bank is some Canadian bank. Would I still be eligible for this conversion if the stock unfortunately gets delisted?
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Brendan Wong
31 Mar 2021
Economics Undergraduate at Nanyang Technological University
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Once a stock is delisted, the company’s shares can keep trading through a process known as “over-the-counter.”
Delisting doesn’t mean that the company’s shares can’t trade. They just can’t trade on the exchange :)