Aesthetic Medical International Holdings Group Ltd. Announces Receipt of Delisting Decision from the Nasdaq Hearings Panel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2024
0mins
Source: newsfilter
- Delisting from Nasdaq: Aesthetic Medical International Holdings Group Limited received a determination letter to delist its securities from Nasdaq due to failure to meet listing conditions.
- Impact on Trading: The company's securities will be suspended from trading on May 21, 2024, and delisted after the completion of necessary filings with the SEC.
- OTC Market Listing: Following delisting, the company expects its American Depositary Shares (ADSs) to be quoted on the OTC market.
- Operational Impact: Delisting will not significantly affect the company's operations in the aesthetic medical industry in mainland China.
- Company Information: Aesthetic Medical International Holdings Group Limited is a leading provider of aesthetic medical services in China, known as "Peng'ai."
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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.
