China Index Holdings Receives Approval to Transfer to Nasdaq Capital Market
2022年11月30日 - 6:58PM
China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the
“Company”), a leading real estate information and analytics service
platform provider in China, today announced that on November 29,
2022, Nasdaq Listing Qualifications department of the Nasdaq Stock
Market LLC (“Nasdaq”) approved the Company’s request to transfer
the listing of the Company’s American depositary shares (the
“ADSs”) from the Nasdaq Global Select Market to the Nasdaq Capital
Market. The transfer is expected to take effect at the opening of
business on November 30, 2022. The transfer of the Company’s
listing to the Nasdaq Capital Market is not expected to have any
impact on trading in the Company’s ADSs. The Company’s ADSs will
continue to trade uninterruptedly under the symbol “CIH.” The
Nasdaq Capital Market operates in substantially the same manner as
the Nasdaq Global Select Market, and companies on the Nasdaq
Capital Market must meet certain financial and corporate governance
requirements to qualify for continued listing.
As previously disclosed, on May 31, 2022, the Company received a
letter from Nasdaq indicating that the Company was not in
compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid
price of the ADSs had been below US$1.00 per ADS for the previous
30 consecutive business days. The Company was given a period of 180
calendar days, or until November 28, 2022, to regain compliance
with the minimum bid price requirement. In response, the Company
submitted an application to transfer the listing of its ADSs from
the Nasdaq Global Select Market to the Nasdaq Capital Market.
As a result of the transfer to the Nasdaq Capital Market, Nasdaq
granted the Company a second period of 180 calendar days, or until
May 30, 2023, to regain compliance with the minimum bid price
requirement for continued listing. To regain compliance, the
closing bid price of the Company’s ADSs must meet or exceed US$1.00
per ADS for a minimum of 10 consecutive business days on or prior
to May 30, 2023. Nasdaq’s determination to grant the additional
180-day compliance period was in part based on, among other things,
the Company meeting the continued listing requirements of the
Nasdaq Capital Market with the exception of the bid price
requirement, and the Company having provided written notice of its
intention to cure the deficiency during the additional compliance
period, including effecting a reverse stock split if necessary.
The Company intends to continue to actively monitor the minimum
bid price requirement and, as appropriate, will consider available
options to resolve any deficiencies and regain compliance.
About CIH
CIH operates a leading real estate information and analytics
service platform in China in terms of geographical coverage and
volume of data points. Its services span across database, analytics
and promotions services for China’s real estate markets. CIH serves
a substantial base of real estate participants in China, including
real estate developers, brokers and agents, property management
companies, financial institutions and individual professionals,
with an authoritative, comprehensive and seasonable collection of
real estate data, complemented by a variety of powerful analytical
and marketing tools. For more information about CIH, please visit
http://ir.chinaindexholdings.com.
Safe Harbor Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements are made under the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “is expected to,”
“anticipates,” “aim,” “future,” “intends,” “plans,” “believes,”
“are likely to,” “estimates,” “may,” “should” and similar
expressions, and include, without limitation, statements regarding
the Company’s future financial performance, revenue guidance,
growth and growth rates, market position and continued business
transformation. Such statements are based upon management’s current
expectations and current market and operating conditions, and
relate to events that involve known or unknown risks, uncertainties
and other factors, all of which are difficult to predict and many
of which are beyond the Company’s control, which may cause its
actual results, performance or achievements to differ materially
from those in the forward-looking statements. Potential risks and
uncertainties include, without limitation, the impact of the
Company’s business development strategies, the Company’s ability to
continue as a going concern in the future, the impact of the
COVID-19 pandemic, and the impact of current and future government
policies affecting China’s real estate market. Further information
regarding these and other risks, uncertainties or factors is
included in the Company’s filings with the U.S. Securities and
Exchange Commission. The Company does not undertake any obligation
to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
law.
For investor and media inquiries, please contact:
Ms. Jessie Yang
Investor Relations
Email: CIH-IR@fang.com
China (NASDAQ:CIH)
過去 株価チャート
から 9 2024 まで 10 2024
China (NASDAQ:CIH)
過去 株価チャート
から 10 2023 まで 10 2024