CNFinance Regains NYSE Compliance with Minimum Share Price Standard
PorAinvest
martes, 14 de octubre de 2025, 6:07 am ET1 min de lectura
CNF--
On April 7, 2025, CNFinance received a non-compliance notice, prompting the company to implement an American Depositary Share (ADS) ratio change. Effective September 5, 2025, the ADS ratio was adjusted from 1 ADS = 20 Class A shares to 1 ADS = 200 Class A shares. This change aimed to raise the average trading price and meet the NYSE's continued listing standards.
On October 1, 2025, CNFinance was notified that its 30-day average trading price, ending September 30, 2025, exceeded $1.00. As a result, the company will continue trading on the NYSE, fulfilling the minimum ADS trading price requirement under Section 802.01C [1].
This development is significant for investors and financial professionals, as it ensures CNFinance's continued presence on the NYSE. The company's ability to meet the NYSE's listing standards demonstrates its commitment to regulatory compliance and financial stability.
CNFinance Holdings Limited, a leading home equity loan service provider in China, has regained compliance with the New York Stock Exchange's minimum share price listing standard. The company was previously notified of non-compliance due to an average closing price below $1.00 over a 30-day period. CNFinance regained compliance after changing the ratio of its ADSs to Class A ordinary shares, fulfilling NYSE's continued listing standards.
CNFinance Holdings Limited (NYSE: CNF), a prominent home equity loan service provider in China, has successfully regained compliance with the New York Stock Exchange's (NYSE) minimum share price listing standard. The company was previously notified of non-compliance due to an average closing price below $1.00 over a 30-day period [1].On April 7, 2025, CNFinance received a non-compliance notice, prompting the company to implement an American Depositary Share (ADS) ratio change. Effective September 5, 2025, the ADS ratio was adjusted from 1 ADS = 20 Class A shares to 1 ADS = 200 Class A shares. This change aimed to raise the average trading price and meet the NYSE's continued listing standards.
On October 1, 2025, CNFinance was notified that its 30-day average trading price, ending September 30, 2025, exceeded $1.00. As a result, the company will continue trading on the NYSE, fulfilling the minimum ADS trading price requirement under Section 802.01C [1].
This development is significant for investors and financial professionals, as it ensures CNFinance's continued presence on the NYSE. The company's ability to meet the NYSE's listing standards demonstrates its commitment to regulatory compliance and financial stability.
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