Lead Real Estate Co., Ltd. Sponsored ADR ( (LRE) ) has issued an announcement.
Lead Real Estate Co., Ltd, a prominent Japanese luxury real estate developer, announced it received a delisting determination from Nasdaq due to non-compliance with a market value rule for its publicly held shares. The company plans to appeal the decision, which, if not contested, would result in the suspension of trading of its American Depositary Shares from February 21, 2025, potentially impacting its stock market presence and investor relations.
More about Lead Real Estate Co., Ltd. Sponsored ADR
Lead Real Estate Co., Ltd is a Japanese developer specializing in luxury residential properties, including single-family homes and condominiums in key areas such as Tokyo, Kanagawa prefecture, and Sapporo. Additionally, the company operates hotels in Tokyo and leases apartment units in Japan and Dallas, Texas, emphasizing a mission to provide stylish, safe, and luxurious living experiences.
YTD Price Performance: -18.77%
Average Trading Volume: 19,273
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $20.73M
Learn more about LRE stock on TipRanks’ Stock Analysis page.