Jianpu Technology Reveals Receipt Of NYSE Non-Compliance Letter Regarding ADS Trading Price
Portfolio Pulse from Benzinga Newsdesk
Jianpu Technology has received a non-compliance letter from the New York Stock Exchange (NYSE) due to the low trading price of its American Depositary Shares (ADS).
October 02, 2023 | 9:12 pm
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Jianpu Technology's ADS trading price is below the NYSE's compliance standards, which could lead to potential delisting if not rectified.
The receipt of a non-compliance letter from the NYSE is a serious matter. It indicates that Jianpu Technology's ADS trading price is below the NYSE's compliance standards. If the company fails to rectify this situation within the stipulated time, it could face potential delisting. This news could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100