Nasdaq Minimum Bid Price Deficiency Letter
SGOCO Group, Ltd - Ordinary Shares (Cayman Islands) (SGOC)
US:NASDAQ Investor Relations:
sgocogroup.com
Company Research
Source: PR Newswire
HONG KONG, Dec. 20, 2018 /PRNewswire/ -- SGOCO Group, Ltd. (Nasdaq: SGOC) ("SGOCO" or the "Company"), a company focused on (a) Virtual Reality device and technologies research and development (b) environmental protection, energy saving technologies, equipment development and applications (c) money lending business in Hong Kong providing mortgage loans to high quality target borrowers with low credit risk who are able to provide mortgage collateral and/or third-party guarantee and (d) property investment to generate additional rental income to further boost the group's cashflow over the long term, today announced that the company received a deficiency letter from The Nasdaq Stock Market ("Nasdaq") on December 19, 2018, stating that, because the Company has not maintained a minimum closing bid price of $1.00 for the last 30 consecutive business days, the Company is no longer in compliance with Nasdaq Listing Rule 5550(a)(2).The Nasdaq letter states that the Company will be afforded 180
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