Empro Group Inc. (NASDAQ: EMPG), a Malaysia-based beauty and personal care company, received a Staff Delisting Determination from Nasdaq on July 16, 2026, according to a press release from the company.

Nasdaq cited its discretionary authority under Listing Rule IM-5101-4 as the primary basis for the delisting determination. The rule allows Nasdaq to delist a company when a third party may have engaged in misconduct affecting its securities following an SEC-imposed trading suspension.

On Oct. 8, 2025, the U.S. Securities and Exchange Commission suspended trading in Empro Group's securities, citing potential market manipulation carried out by unknown persons who promoted the stock through social media. Nasdaq subsequently halted trading in the company's securities. Nasdaq also identified the company's failure to file its Form 20-F annual report for the fiscal year ended Dec. 31, 2025, as an independent basis for delisting under Listing Rule 5250(c)(1).

Unless the company appeals the determination by July 23, 2026, trading in its securities will be suspended at the opening of business on July 27, 2026. Nasdaq would then file a Form 25-NSE with the SEC to formally remove the securities from listing and registration.

The company stated it is consulting with legal counsel to evaluate its options and will issue further announcements as appropriate. Empro Group noted that Nasdaq has not made any determination that the company itself engaged in wrongdoing related to the trading activity. The company also stated the delisting determination does not affect its ongoing business operations or financial condition.