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Stock impact report

Concord Medical Announces Receipt of NYSE Non-Compliance Letter Regarding ADS Trading Price [Yahoo! Finance]

Concord Medical Services Holdings Limited ADS (Each represents three ordinary shares) (CCM) 
Company Research Source: Yahoo! Finance
provider specialized in cancer treatment, research, education and prevention in China , today announced that it has received a letter (the "Letter") from the New York Stock Exchange (the "NYSE") dated February 12, 2024 , notifying the Company that it is below compliance standards due to the trading price of the Company's American depositary shares (the "ADSs") and that the applicable cure period for the Company to regain compliance expires on August 12, 2024 Pursuant to applicable NYSE continued listing standards, a company would be considered "below criteria" by the NYSE if the average closing price of a security as reported on the consolidated tape is less than over a consecutive 30 trading-day period. Once notified, the company must bring its ADS trading price and average ADS trading price back above within the applicable cure period following receipt of the notification. The company can regain compliance at any time during the cure period if on the last trading day of any calend Show less Read more
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