Euro Tech Holdings (CLWT) Receives Listing Noncompliance Letter from Nasdaq
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Euro Tech Holdings Company Limited (Nasdaq: CLWT) reports that on September 20, 2011 it received a deficiency letter from the NASDAQ OMX notifying the Company that because it has not maintained a bid price of $1 per share for the last 30 consecutive business days, it was not in compliance with Sections 5810 of the NASDAQ Listing Rules.
In order to maintain its listing, the Company must regain compliance in a period of 180 calendar days. As previously announced, the Company has taken action to prepare and effect a reverse stock split, which it currently expects to complete in the Compliance Period in order to meet the minimum bid price requirement.
In order to maintain its listing, the Company must regain compliance in a period of 180 calendar days. As previously announced, the Company has taken action to prepare and effect a reverse stock split, which it currently expects to complete in the Compliance Period in order to meet the minimum bid price requirement.
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