BIQI International Holdings Corporation Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)
Renmin Tianli Group, Inc. - Common Shares (BIQI)
Company Research
Source: GlobeNewswire
Wuhan, China, May 09, 2019 (GLOBE NEWSWIRE) -- BIQI International Holdings Corporation (NASDAQ:BIQI) (“BIQI” or the "Company") today announced that on May 6, 2019, the Company received a notification letter from the Nasdaq Stock Market (“Nasdaq”) stating that, because the Company has not yet filed its Annual Report on Form 20-F for the year ended December 31, 2018 (the “Form 20-F”), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. The Nasdaq letter has no immediate effect on the listing of the Company’s shares. Nasdaq’s notification letter states that the Company has until May 20, 2019 to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules (Nasdaq staff has determined to apply more stringent criteria and shorten the normal time period for the Company to submit its plan). If
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