Taiwan-based DRAM maker ProMOS Technologies saw its debt ratio climb to 103.19% at the end of July compared to 99.9% at the end of June, turning the net worth of its shares to the negative territory, which, according to the rules, may force it to be delisted from the local stock market, the Chinese-language cnYES.com has reported.
ProMOS is currently listed on the OTC market.
The company will be delisted from the stock market if its net worth still stands in the negative territory at the end of the third quarter. The company is due to release its third-quarter results at the end of October.