Wins Finance Holdings Inc. Announces Receipt of Letter from Nasdaq and Intent to Submit Plan of Compliance
WINS FINANCE HOLDINGS INC ORDINARY SHARES (WINS)
US:NASDAQ Investor Relations:
ir.winsholdings.com/news-releases
Company Research
Source: PR Newswire
BEIJING and NEW YORK, Nov. 19, 2019 /PRNewswire/ -- Wins Finance Holdings Inc. ("Wins Finance" or the "Company") (NASDAQ: WINS), a diversified investment and asset management company that provides integrated financing solutions to small and medium enterprises ("SMEs") in China, today announced that on November 18, 2019, the Company received a notification letter from the NASDAQ Listing Qualifications ("NASDAQ") stating the Company was not in compliance with NASDAQ Listing Rule 5250(c)(1), due to its failure to timely file its Annual Report on Form 20-F for the year ended June 30, 2019 (the "2019 20-F"). The NASDAQ notification letter provides the Company 60 calendar days from the date of the notification, or until January 17, 2020, to submit a plan to NASDAQ to regain compliance with the NASDAQ's continued listing requirements. If the plan is accepted, NASDAQ can grant an exception of up to 180 calendar days, or until May 13, 2020, for the Company to regain compliance. The Company may
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