By Will Feuer


China Southern Airlines Co. said it has notified the New York Stock Exchange that it plans to apply for the voluntary delisting of its American depositary shares that trade on the NYSE.

The Guangzhou-based airline gave various reasons for the delisting. It said its NYSE-listed ADSs have relatively limited trading volume, and that the company has never conducted a follow-on financing of securities listed on the NYSE since the listing of its ADSs on the NYSE.

China Southern Airlines also said the Stock Exchange of Hong Kong and the Shanghai Stock Exchange are strong alternatives for the company, and there are considerable costs associated with maintaining the listing of the ADSs on the NYSE.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

01-13-23 0735ET