China Auto Logistics Receives Non-Compliance Notice From the NASDAQ Stock Market Regarding Late Form 10-K Filing
CHINA AUTO LOGISTICS INC (CALI)
US:NASDAQ Investor Relations:
chinaautologisticsinc.com/ir-contacts.php
Company Research
Source: GlobeNewswire
TIANJIN, CHINA, April 13, 2018 (GLOBE NEWSWIRE) -- China Auto Logistics Inc. (the "Company" or "CALI") (NASDAQ: CALI), a top seller in China of luxury imported automobiles and a leading provider of auto-related services, today reported on a Form 8-K that as a consequence of its inability to timely file its 2017 Annual Report on Form 10-K, the Company received a notification on April 10, 2018 from Nasdaq that the Company is not in compliance with Nasdaq listing rule 5250(c)(1), which requires timely filing of reports with the U.S. Securities and Exchange Commission for continued listing. Under the Nasdaq rules, the Company has 60 calendar days or until June 11, 2018, to submit a plan to regain compliance with the Nasdaq rules and, if the plan is accepted by Nasdaq, then Nasdaq may grant an extension until October 15, 2018 for the Company to regain compliance. If Nasdaq does not accept the plan, then the Company may appeal such decision to a Nasdaq Hearings Panel. The Compan
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