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Stock impact report

Aesthetic Medical International Holdings Group Ltd. Announces Receipt of a Letter of Expected Delisting Determination From Nasdaq Staff and Intention to Request a Hearing before the Nasdaq...

Aesthetic Medical International Holdings Group Ltd. - American Depositary Shares (AIH) 
Company Research Source: Yahoo! Finance
leading provider of aesthetic medical services in China, today announced that it will request a hearing before the Nasdaq Hearings Panel as the next step in the process in seeking an extension to satisfy the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”) for continued listing on The Nasdaq Capital Market (“Nasdaq”). Reference is made to the form 6-K of the Company filed with the Securities and Exchange Commission (the “SEC”) on September 8, 2023 (the “Previous Disclosure”) in relation to the letter the Company received from the Listing Qualifications Staff (the “Staff”) of Nasdaq notifying that, as of September 5, 2023, the Company's securities had a closing bid price less than US$1.00 per share for more than 30 consecutive trading days, which is not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq. The Company was provided a 180-calenda Show less Read more
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