Shares in Fremont General Corp. lost half of their value Tuesday after the company said the New York Stock Exchange is delisting the company. Its shares will trade on the Pink Sheets beginning Thursday.

The exchange said late Monday it is suspending Fremont’s stock from trading there because the stock breached the minimum requirement that shares trade above $1.

This comes one day after the lender said it had sold its 22 regional retail bank branches to CapitalSource Inc., which will pay $58 million in cash plus a 2 percent premium to get $5.6 billion in deposits.

Fremont, which recently moved to Brea from Santa Monica, will announce its new ticker symbol on Wednesday.

Shares in Fremont closed Tuesday down 50 percent to 27 cents. Shares were trading at more than $12 a share last June; the stock has plummeted more than 95 percent over the past year.