China Auto Logistics Inc. Submits Compliance Plan to Nasdaq
CHINA AUTO LOGISTICS INC (CALI)
US:NASDAQ Investor Relations:
chinaautologisticsinc.com/ir-contacts.php
Company Research
Source: GlobeNewswire
TIANJIN, CHINA, June 11, 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 announced it has submitted a plan to Nasdaq detailing how the Company plans to regain compliance with Nasdaq’s continued listing requirements. As previously reported, the Company has been advised by Nasdaq that due to the Company’s inability to timely file its Quarterly Report for the quarter ended March 31, 2018 on Form 10-Q, as well as its 2017 Annual Report on Form 10-K, the Company has not been in compliance with Nasdaq listing rule 5250(c)(1) which requires timely filing of such reports with the U.S. Securities and Exchange Commission for continued listing. Under Nasdaq rules, the Company was given until today, June 11, 2018, to submit a plan to Nasdaq providing full details on how the Company intends to regain compliance. After reviewing the pl
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