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-0.0374045801526717 -0.083969465648855 -0.332824427480916 -0.33587786259542 -0.297862595419847 -0.314656488549618 -0.328091603053435 -0.313129770992367
Stock impact report

China Rapid Finance Announces Changes in its Business Operations and Board of Directors, Reasons for Delay in Filing of its Annual Report and Receipt of Continued Listing Letters from the ...

CHINA RAPID FINANCE LTD (XRF) 
Last china rapid finance ltd earnings: 11/20 07:21 pm Check Earnings Report
US:NYSE Investor Relations: chinarapidfinance.investorroom.com
Company Research Source: PR Newswire
SHANGHAI, May 17, 2019 /PRNewswire/ -- China Rapid Finance Limited (NYSE: XRF) (the "Company") today announced changes in its business operations and to its board of directors (the "Board"), acknowledged its inability to file its annual report on Form 20-F in a timely manner and noted the receipt of notices from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE's continued listing standard with respect to both the minimum average share price and its failure to timely file the annual report.Changes in Business OperationsThe regulatory environment for the Company's business continues to be challenging.  Chinese regulators have instructed P2P platforms nationwide to implement "triple reduction," which includes (i) reducing outstanding loan balances, (ii) reducing the number of lenders, and (iii) reducing the number of borrowers. The Company recently received a notice requesting changes to the Company's business practices in order to be in full c Show less Read more
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