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BEST Inc. Faces NYSE Non-Compliance Over Financial Filing Delays Amid Privatization Efforts
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BEST Inc. Faces NYSE Non-Compliance Over Financial Filing Delays Amid Privatization Efforts

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The latest update is out from BEST ( (BEST) ).

BEST Inc. announced receiving a notification from the New York Stock Exchange regarding non-compliance with the timely filing requirements due to the delayed submission of its semi-annual financial information for the first half of 2024. This delay is attributed to the company’s focus on its ongoing privatization process, after which BEST Inc. will become a privately held entity and its shares will no longer be listed on the NYSE.

More about BEST

BEST Inc. is a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia. The company utilizes a proprietary technology platform and extensive networks to offer a comprehensive set of logistics and value-added services, including freight delivery, supply chain management, and global logistics services. Its mission is to empower business and enrich life through technology and business model innovation, aiming to create a smarter, more efficient supply chain.

YTD Price Performance: 1.44%

Average Trading Volume: 15,122

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $50.63M

See more data about BEST stock on TipRanks’ Stock Analysis page.

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