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BEST - China's Best gets non-compliance notice from NYSE
BEST Inc. American Depositary Shares each representing one Class A
Best ( NYSE: BEST ) said it received a notice from the New York Stock Exchange for not being in compliance with the minimum $1 per American Depositary Share (ADS) rule for continued listing on the exchange.
The Chinese smart supply chain solutions and logistics provider said it has six months to regain compliance with the minimum share price requirement.
The NYSE notice does not affect the company's business operations, and its shares will continue to be listed, in the meantime, according to the company.
Best said it was considering its options and intends to take reasonable measures to regain compliance.