China Rapid Finance Receives NYSE Approval for Business Transformation Plan
CHINA RAPID FINANCE LTD (XRF)
Last china rapid finance ltd earnings: 11/20 07:21 pm
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chinarapidfinance.investorroom.com
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Source: PR Newswire
SHANGHAI, Nov. 4, 2019 /PRNewswire/ -- China Rapid Finance Limited (NYSE: XRF) ("XRF" or "the Company") today announced receipt of a letter from the New York Stock Exchange ("NYSE") accepting the Business Transformation Plan ("the Plan") submitted by XRF on September 13, 2019. The Plan lays out a roadmap for addressing and achieving the NYSE's continued listing criteria. The Company believes its Plan offers a reasonable and achievable path toward restructuring its business and eventually resuming robust growth, serving the emerging consumer credit market in China. The Plan tracks the business transformation initiatives announced by the Company over the past several months, which the Company is in the process of implementing now. Key elements of the plan include "developing business in new segments through newly established partnerships" and "improving communications with investors." The Plan includes achievement of the market cap and shareholder equity listing criteria. The Plan exten
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