logo
Share SHARE
FONT-SIZE Plus   Neg

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

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Netflix Inc. (NFLX), Monday gained over 8 percent in extended trading session after the online-video streaming service reported a fourth-quarter profit that trumped analysts estimates, driven largely by higher-than-expected subscriber additions both domestically and internationally. Netflix... American Airlines (AAL) Wednesday announced that it has launched a new Basic Economy fares. The basic economy fares will go on sale in February in 10 markets, with the fares to be expanded to other additional markets later this year. However, not every American Airlines flight will offer basic economy... Chuck E. Cheese pizza and arcade chain's parent company is planning for an IPO, reported Reuters. The public offering would be probably in the second half of 2017. According to the report, the chain has initiated discussions with banks, however has not yet hired any underwriters. The offering would help the restaurant chain for a valuation of around $1 billion.
comments powered by Disqus
Follow RTT