Delisting for Centennial: Centennial Group Inc. hit...

Delisting for Centennial: Centennial Group Inc. hit a new low Friday. The troubled company announced that its shares will be delisted by the American Stock Exchange because Centennial no longer meets the exchange’s membership criteria. The Orange-based real estate development company has been fighting to reorganize its immense debt and last month announced an annual loss of $34.9 million, or $1.33 a share. At the time of the Sept. 28 announcement, the company’s stock was trading at 6.25 cents a share. It has since dropped by half, closing Friday at 3 cents a share. The delisting takes effect Friday.