date:Apr 07, 2013
Guangdong-based Zhanjiang Guolian Aquatic Products Co Ltd, forecast a net loss of CNY 220 million (USD 36 million, EUR 28 million) for 2012.
According to Shenzhen Stock Exchange rules in place since last May listed companies will be delisted if they make a loss for three consecutive years. Guolian lost money in both 2011 and 2012, making 2013 a crunch year for the firm, which lately became the focus of a U.S. anti-dumping investigation.
The firm is now hoping that domestic sales will rescue