China United Trust to be delisted from exchange

China United Trust & Investment Corp (中聯信託), a small financial services company with a negative net asset value, will be delisted from the nation's stock market.

The listing will be withdrawn on April 30, the Taiwan Stock Exchange said in a statement yesterday. China United Trust's stock was suspended on Saturday after the government's bad-debt agency took over the company the previous day.

The lender, which provides trust, investment and credit services, had negative net assets of NT$319 million (US$9.6 million) on Feb. 28, the Financial Supervisory Commission said.