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Lead Real Estate Faces Nasdaq Delisting

Story Highlights
  • Lead Real Estate received a delisting notice from Nasdaq due to non-compliance with market value rules.
  • The company intends to appeal to avoid the suspension of its shares from February 21, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lead Real Estate Faces Nasdaq Delisting

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.

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