Tarena jumps after receiving Nasdaq extension

VisionSys AI

18/12/2019 16:26

** Shares of the Chinese education services provider
 TEDU.O  soar 24.4% to $1.18, their biggest one-day pct jump in
5 months
    ** Stock among top pct gainers across U.S. exchanges
    ** Co granted extension to regain compliance with its
reporting obligations  urn:newsml:reuters.com:*:nPn9Sr8N9a
    ** TEDU needs to provide Nasdaq hearings panel updates
regarding the completion of co's audit and file its annual
report on Form 20-F for the year ended Dec 31, 2018 by no later
than April 24, 2020
    ** Previously, Nasdaq granted the company an extension until
Oct 28, 2019 to file the required reports  urn:newsml:reuters.com:*:nPn2bvjfca
    ** Stock down ~81% YTD

 (Reporting by C Nivedita in Bengaluru)