Aesthetic Medical International Holdings Group Ltd. Announces Receipt of Decision from the Nasdaq Hearings Panel for Conditional Continued Listing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2024
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Source: newsfilter
- Aesthetic Medical International Holdings Group Limited Announcement: The company received a decision from the Nasdaq Panel to continue listing its securities on the Nasdaq with certain conditions.
- Conditions for Continued Listing: The company must conduct a 10-for-1 reverse stock split by May 15, 2024, and demonstrate compliance with the Minimum Bid Price Rule by September 3, 2024.
- Background on Non-Compliance: The company had not regained compliance with the Minimum Bid Price Rule within the grace period and appealed to the Panel for an extension.
- About Aesthetic Medical International Holdings Group Limited: Known as "Peng'ai" in China, it offers aesthetic medical services across major cities in mainland China.
- Cautionary Statements: The press release contains forward-looking statements and emphasizes the risks and uncertainties involved in the business.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
