Huitao Technology Announces Favorable Decision from the Nasdaq Hearings Panel
Huitao Technology Co., Ltd. - Ordinary Shares (HHT)
Company Research
Source: PR Newswire
BEIJING, April 20, 2020 /PRNewswire/ -- Huitao Technology Co., Ltd. ("HHT"), or the "Company," (NASDAQ CM: HHT) a company which is in the process of disposing its legacy ready-mix concrete materials to an innovative education service provider, announced today that on April 16, 2020, it received a letter from the Nasdaq Stock Market LLC ("Nasdaq") informing it of a favorable decision from the Nasdaq Hearings Panel (the "Panel") to grant the Company's request for continued listing of the Company's ordinary shares on the Nasdaq Capital Market. At a hearing held on March 12, 2020, the Company appeared before the Panel to demonstrate it has regained compliance with Nasdaq's stockholders' equity requirement under Nasdaq Listing Rule 5550(b) (the "Equity Requirement") following the completion of a number of transactions previously announced. On April 16, 2020, the Panel confirmed that the Company had regained compliance with the Nasdaq Stock Market's listing requirements. Accordingly, the Pa
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