NYSE to Suspend Trading Immediately in Weidai Ltd. (WEI) and Commence Delisting Proceedings
The New York Stock Exchange (NYSE) has initiated proceedings to delist the American Depositary Shares (ADSs) of Weidai Ltd. (NYSE: WEI) due to the company's failure to meet the continued listing standards.
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NYSE Regulation reached its decision to delist the ADSs pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company had fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least
The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the
View source version on businesswire.com: https://www.businesswire.com/news/home/20220516006032/en/
Company Contact:
In
Christensen
Mr.
Tel: +86-10-5900-1548
E-mail: rvanguestaine@christensenir.com
In US:
Christensen
Ms.
Tel: +1-480-614-3004
E-mail: lbergkamp@christensenir.com
NYSE Contact:
PublicRelations-NYSE@ice.com
Source: NYSE Regulation