AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
JBDI Holdings Regains Nasdaq Listing Compliance
ByAinvest
Monday, Jun 9, 2025 5:18 pm ET1min read
JBDI Holdings Limited, a Singapore-based holding company, has regained compliance with Nasdaq listing rules. The company conducts its operations through subsidiaries in Singapore and supplies reconditioned and new containers to various industries. Its products include steel drums, plastic drums, carboys, and IBCs with different capacities. JBDI also provides ancillary services such as reconditioning, disposal, and wastewater treatment. The company serves customers in Singapore, Indonesia, and Malaysia.
SINGAPORE, June 10, 2025 β JBDI Holdings Limited (NASDAQ: JBDI), a leading provider of environmentally friendly products and services, has regained compliance with Nasdaq listing rules. The company announced on June 9, 2025, that it has received notice from the Nasdaq Stock Market, confirming that it is now in compliance with the periodic filing requirement under Nasdaq Listing Rule 5250(c)(1) [1].JBDI Holdings Limited specializes in the revitalization, reconditioning, and recycling of industrial drums and containers, serving customers in Singapore, Indonesia, and Malaysia. The company offers a range of products including steel drums, plastic drums, carboys, and IBCs with varying capacities, along with ancillary services such as reconditioning, disposal, and wastewater treatment [2].
The company's CEO, Mr. Lim Chwee Poh, expressed satisfaction with the regained compliance, stating, "We are pleased to have regained full compliance with Nasdaq's listing requirements. With our periodic filings now current, we can focus our full attention on delivering long-term value to our shareholders" [1].
JBDI Holdings Limited filed its unaudited condensed consolidated financial statements for the six-month periods ended November 30, 2024 and 2023, with the Securities and Exchange Commission under Form 6-K on June 5, 2025 [1].
The company's return to compliance follows significant strides in addressing various regulatory issues. In addition to regaining periodic filing compliance, JBDI Holdings Limited has resolved its non-compliance with Nasdaq's minimum bid price requirement and has filed its overdue interim financial statements [3].
References:
[1] https://www.globenewswire.com/news-release/2025/06/09/3096203/0/en/JBDI-Holdings-Regains-Compliance-with-Nasdaq-s-Periodic-Filing-Requirement.html
[2] https://www.stocktitan.net/news/JBDI/jbdi-holdings-regains-compliance-with-nasdaq-s-periodic-filing-6tr1f5xldjcw.html
[3] https://www.investing.com/news/company-news/jbdi-holdings-regains-nasdaq-compliance-with-filings-93CH-4087604
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Incβs editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
ο»Ώ
No comments yet