China XD Plastics 8-K Shows Co. Received Letter From Nasdaq Listing Qualifications Dept. Stating Nasdaq Panel Determined To Delist Shares, Will Suspend Trading On Oct. 29, 2021
China XD Plastics 8-K Shows Co. Received Letter From Nasdaq Listing Qualifications Dept. Stating Nasdaq Panel Determined To Delist Shares, Will Suspend Trading On Oct. 29, 2021
On October 27, 2021, China XD Plastics Company Limited (the “Company”) received a letter from the Listing Qualifications Hearings Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Nasdaq Hearings Panel has determined to delist the shares of the Company from Nasdaq, will suspend trading of the Company’s shares effective at the open of business on Friday, October 29, 2021, and will complete the delisting by filing a Form 25 Notification of Delisting with the Securities and Exchange Commission, after applicable appeal periods have lapsed.
於2021年10月27日，中國XD塑膠股份有限公司(“本公司”)收到納斯達克證券市場有限責任公司(“納斯達克”)上市資格聆訊部門發出的函件，表示納斯達克聆訊委員會已決定將本公司的股票從納斯達克退市，並將於2021年10月29日(星期五)開盤時暫停本公司股票的交易，並將在適用的上訴期限過後向美國證券交易委員會(SEC)提交表格25退市通知，以完成退市。
The Nasdaq Hearings Panel held a hearing on October 14, 2011 to consider the Company’s plan to regain compliance and continued listing on the Nasdaq in light of the Company’s failing to comply with the requirements of Nasdaq Listing Rule 5250(c)(1) because it had not filed its Form 10-K for the fiscal year ended December 31, 2020 and its Forms 10-Q for the periods ended March 31, 2021 and June 30, 2021. The Company intends to appeal the Nasdaq Hearings Panel determination.
納斯達克聽證會小組於2011年10月14日舉行聽證會，考慮到由於公司沒有提交截至2020年12月31日的財政年度的10-K表格和截至2021年3月31日和2021年6月30日的10-Q表格，公司未能遵守納斯達克上市規則5250(C)(1)的要求，因此公司計劃重新獲得合規並繼續在納斯達克上市。該公司打算對納斯達克聽證會委員會的裁決提出上訴。