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China Liberal Education Holdings Receives Nasdaq Staff Determination Notice, Plans to Appeal
ByAinvest
Monday, May 12, 2025 4:08 pm ET1min read
China Liberal Education Holdings has received a staff determination notice from Nasdaq, citing concerns over the issuance of its ordinary shares in December 2024. The issuance resulted in a 96% discount from the minimum price set by Nasdaq listing rules. As a result, the company's securities will be suspended from trading on May 16, 2025, unless an appeal is filed by May 14. The company plans to appeal Nasdaq's determination.
China Liberal Education Holdings Limited (Nasdaq: CLEU), a leading provider of technological consulting services for smart campus solutions and educational services, has received a staff determination notice from Nasdaq. The notice, issued on May 7, 2025, states that the company's substantial issuance of ordinary shares in December 2024 has raised public interest concerns. The issuance, which included a 96% discount from the minimum price set by Nasdaq listing rules, resulted in significant dilution for existing shareholders. As a result, Nasdaq has determined that the company's securities will be suspended from trading on The Nasdaq Capital Market at the opening of business on May 16, 2025 [1].The notice also states that the company's securities will be removed from listing and registration on The Nasdaq Stock Market unless the company appeals the determination to Nasdaq's Hearings Panel by May 14, 2025. China Liberal has indicated that it intends to appeal the decision and submit a plan to regain compliance with Nasdaq's applicable continued listing standards [1].
The company's operations are not affected by the receipt of the staff determination notice. China Liberal Education Holdings Limited is headquartered in Beijing, China, and provides a wide range of services, including technological consulting for Chinese universities to improve their campus information and data management systems, and tailored job readiness training for graduating students [2].
References:
[1] https://www.marketscreener.com/quote/stock/CHINA-LIBERAL-EDUCATION-H-105996820/news/China-Liberal-Education-Holdings-Limited-Receives-Staff-Determination-Notice-from-Nasdaq-and-Plans-t-49917487/
[2] https://www.prnewswire.com/news-releases/china-liberal-education-holdings-limited-receives-staff-determination-notice-from-nasdaq-and-plans-to-appeal-302451955.html
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