BEIJING and NEW YORK, Dec. 1,
2017 /PRNewswire/ -- Wins Finance Holdings Inc. ("Wins
Finance" or the "Company") (NASDAQ: WINS), a diversified investment
and asset management company that provides integrated financing
solutions to small and medium enterprises ("SMEs") in China, today announced that it expects that
its ordinary shares will resume trading on The Nasdaq Stock Market
("Nasdaq") on December 4, 2017.
As previously reported, the Company was required to submit
additional information to Nasdaq following the withdrawal of the
delisting determination letter by the Staff of the Listing
Qualifications Department of Nasdaq on August 4, 2017. The Company has submitted such
information to Nasdaq, which includes certain actions the Company
may take to support and potentially increase the liquidity of its
ordinary shares. The Company believes that the relatively small
number of ordinary shares that are in the public float may have
contributed to the volatility of the trading price of its ordinary
shares, and that such trading is unrelated to its operating
performance. Possibilities for increasing the Company's public
float include, but are not limited to, a forward stock split and
working with investment banks to increase its shareholder base,
assuming appropriate market conditions. However, the Company cannot
guarantee that any actions it takes will have the intended effect
of reducing the market volatility of its ordinary shares or
increasing its liquidity.
About Wins Finance
Wins Finance is a diversified investment and asset management
company listed on NASDAQ. The Company is focused on identifying
value accretive investment opportunities and assets in China and the United
States that can be enhanced through the strategic
involvement of Wins' established management team and its
familiarity with the Chinese investment community to help generate
long-term value for shareholders. Wins Finance is well positioned
to leverage its expertise and existing operations in China to build a comprehensive platform for
the provision of lending and other financing solutions to the
under-served small and medium enterprise segment. For more
information, please visit www.winsholdings.com.
Forward Looking Statements
This news 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, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. All statements other than
statements of historical fact in this press release are
forward-looking statements and involve certain risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. These forward-looking
statements are based on management's current expectations,
assumptions, estimates and projections about the Company and the
industry in which the Company operates, but involve a number of
unknown risks and uncertainties. Further information regarding
these and other risks are described in the Company's Annual Report
on Form 20-F for the year ended June 30,
2017 and in the Company's other filings with the U.S.
Securities and Exchange Commission. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these forward
looking statements are reasonable, it cannot assure you that such
expectations will turn out to be correct, and actual results may
differ materially from the anticipated results. You are urged to
consider these factors carefully in evaluating the forward-looking
statements contained herein and are cautioned not to place undue
reliance on such forward-looking statements, which are qualified in
their entirety by these cautionary statements.
Company Contacts:
Wins Finance Holdings Inc.
641 Lexington Ave, 29th Floor
New York, NY 10022
Tel: 212-488-4974
E-mail: info@winsholdings.com
View original
content:http://www.prnewswire.com/news-releases/wins-finance-holdings-to-resume-trading-on-nasdaq-300565275.html
SOURCE Wins Finance Holdings Inc.