Non-compliance Due to Market Capitalization and Stockholders' Equity Levels
CHINA RAPID FINANCE LTD (XRF)
Last china rapid finance ltd earnings: 11/20 07:21 pm
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US:NYSE Investor Relations:
chinarapidfinance.investorroom.com
Company Research
Source: PR Newswire
SHANGHAI, July 25, 2019 /PRNewswire/ -- China Rapid Finance Limited (NYSE: XRF) (the "Company") today announced that it had received a letter from the New York Stock Exchange (the "NYSE") notifying it that the Company was not in compliance with the NYSE's continued listing standards because, as of May 31, 2019, the 30 trading-day average market capitalization of the Company's ADSs representing Class A ordinary shares was below $50 million and, as of September 30, 2018, the Company's stockholders' equity was less than $50 million. This notice does not have an immediate effect on the listing of the Company's ADSs representing Class A ordinary shares.In accordance with NYSE rules, the Company has notified the NYSE that it intends to cure the deficiency. Under the NYSE rules, the Company has 90 days from the receipt of the notification to submit a plan advising the NYSE of definitive action the Company has taken, or is taking, that would bring the Company into conformity with the continue
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