Oil giant Sinopec, Aluminium Corporation of China PetroChina and Sinopec Shanghai Petrochemical said they would apply to delist their American Depository Shares this month.
Daniel Small was accused of conspiring with Mark Nordlicht, Platinum’s co-founder, in a scheme to defraud bondholders of Black Elk Energy Offshore LLC of the proceeds of a lucrative asset sale.
The precious metal has now rebounded more than 6% from a low in mid-July on a combination of fears of a global recession and heightened US-China tensions over Taiwan.