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China Jo-Jo Regains Compliance With NASDAQ Minimum Bid Price Requirement

12/14/2012 5:15 PM ET

China Jo-Jo Drugstores, Inc. (CJJD), a retail and wholesale distributor of pharmaceutical and other healthcare products in China, announced that The NASDAQ Stock Market LLC notified the company in a letter dated December 14, 2012, that it has regained full compliance with the NASDAQ Capital Market's minimum bid price requirement for continued listing.

The letter noted that as of December 13, 2012, the company's common stock evidenced a closing bid price at or in excess of the $1.00 minimum requirement for at least ten consecutive trading days. Accordingly, the Company has regained compliance with NASDAQ Listing Rule 5550(a)(2), and the matter is closed.

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by RTT Staff Writer

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