Zimtub shares were last traded Monday, at RON2.5 per unit, down 1.92% on the day.
Shareholders who own 65.4% in Zimtub attended a meeting held Thursday to approve the delisting.
The company is indirectly owned by businessman Ioan Niculae. According to the latest reports, shareholders include Inter Ferm Fantanele with 32.87%, Interagro Zimnicea with 24.43% and Belize-registered Flamboyant Ventures with 24.93%.
Zimtub posted sales of RON5.3 million in the first half of the year, compared to RON17 million in the same interval of 2010.
In addition, the company concluded the first half of the year with a loss of RON1.7 million, compared to a profit of RON0.47 million in the first six months of last year. (EUR1=RON4.3308)