A company was expelled from the stock market

According to Tejarat News, Exchange Tehran Securities announced: Iran Leasing Company with the symbol (Weliz) was removed from the list of companies admitted to the Tehran Stock Exchange and transferred to the over-the-counter base market.

Fars reported that the presence of companies in the main markets of Tehran Stock Exchange has conditions. Including that companies should be transparent and provide periodic audited reports such as 6-month and one-year reports so that shareholders and stakeholders can make decisions about buying and selling shares in transparent and fair conditions.

If a listed company does not comply with the transparency and reporting requirements and other professional standards, it will be punished and expelled from the main market to the lower markets, and in the worst case, it will be transferred to the over-the-counter base market.

In this context, the Tehran Stock Exchange announced the transfer of Iran Leasing Company from the Tehran Stock Exchange to the over-the-counter base market.

Iran Leasing Company with the symbol (Weliz) was removed from the list of companies admitted to the Tehran Stock Exchange and transferred to the over-the-counter base market.

Based on the approval of the Securities Admission Board on August 5, 1401, Iran Leasing Company (Weliz) will be removed from the list of companies admitted to the Tehran Stock Exchange on August 29, 1401 and can be transferred to the base market of the Iranian exchange.

Read the latest stock market news on Tejaratnews stock news page.