Hywin Holdings (HYW) has released an update.
Hywin Holdings Ltd., a leading wealth and health management service provider in China, has received a notification of non-compliance from Nasdaq due to its Market Value of Publicly Held Shares falling below the required threshold for 30 consecutive trading days. Although this notice does not immediately affect the company’s listing, Hywin must regain compliance by December 2, 2024, to avoid potential delisting. The company is actively exploring options to meet the Nasdaq’s requirements within the 180-day grace period.
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