Nova Lifestyle soars on regaining compliance with Nasdaq listing rule

XMax

14/06/2023 16:58

** Shares of furniture designer and marketer Nova Lifestyle
 NVFY.O  up as much as 9.3% at $2.11 
    ** Says on June 8, co got notification from Nasdaq
indicating co has regained compliance with minimum closing bid
price requirement
    ** Co had received minimum bid price requirement notice from
Nasdaq in December last year 
    ** NVFY was granted until June 19, 2023 to regain compliance
    ** Including session's gain, stock has fallen ~3% YTD 

 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))