LiNiu Technology Group Receives Nasdaq Notification of Non-Compliance with Listing Rules and Submits Letter of Voluntary Delisting to Nasdaq
LINU TECH GROUP (LINU)
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Company Research
Source: Business Wire
HONG KONG--(BUSINESS WIRE)-- LiNiu Technology Group (“LINU” or the “Company”) (NASDAQ: LINU), which launched its electronic trading platform focused on the Chinese agricultural industry in April 2017 through Guangzhou LiNiu Network Technology Co., Ltd. (“Guangzhou LiNiu”), today announced that on May 2, 2018, it received a written notice (the “Notice”) from the Listing Qualifications department of The Nasdaq Stock Market (“Nasdaq”) indicating that LINU is not in compliance with the requirement to file its Form 20-F (the “Filing”) with the Securities and Exchange Commission for the period ending December 31, 2017, as set forth in Nasdaq Listing Rule 5250(c)(1). In addition, LINU today announced that it has provided formal notice to the Nasdaq Stock Market of its intention to voluntarily delist its Ordinary Shares from the Nasdaq Stock Market. The ticker symbol for the Ordinary Shares is LINU.
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