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BEDU - Bright Scholar Education receives NYSE non-compliance letter
Bright Scholar Education Holdings Limited American Depositary Shares each representing one Class A
Bright Scholar Education (NYSE:BEDU) has received non-compliance letter from the NYSE for failing to meet the compliance standards due to the trading price of its ADSs. Pursuant to applicable NYSE continued listing standards, a company is considered "below criteria" if the average closing price of a security, as reported on the consolidated tape, is less than $1.00 over a consecutive 30 trading-day period. The Chinese education service company has time until September 26, 2022 to regain compliance. BEDU shares are up 4.15% pre-market