Brief: Huitao Technology Received Nasdaq Notification Letter Regarding Bid Price Deficiency

Zeta Network

08/03/2020 04:59

March 7 (Reuters) - Huitao Technology Co Ltd  HHT.O :
    * HUITAO TECHNOLOGY RECEIVED NASDAQ NOTIFICATION LETTER REGARDING BID PRICE DEFICIENCY
    * NOTIFICATION LETTER SAYS MINIMUM BID PRICE PER SHARE FOR ORDINARY SHARES BEEN BELOW $1 FOR
PERIOD OF 30 CONSECUTIVE BUSINESS DAYS
    * NOTIFICATION LETTER SAYS CO NO LONGER MEETS MINIMUM BID PRICE REQUIREMENTS SET FORTH IN
NASDAQ
LISTING RULE 5550
    * NOTIFICATION RECEIVED HAS NO IMMEDIATE EFFECT ON LISTING OF COMPANY'S ORDINARY SHARES ON
NASDAQ
    * UNDER NASDAQ LISTING RULES, COMPANY HAS UNTIL SEPTEMBER 1, 2020 TO REGAIN COMPLIANCE

Source text for Eikon:  ID:nPn4ydSlWa 
Further company coverage:  HHT.O 

 ((Reuters.Briefs@thomsonreuters.com;))