- Aesthetic Medical International ( NASDAQ: AIH ) said Tuesday it received a notice from Nasdaq , indicating that it was not in compliance with the minimum $10M shareholders' equity requirement.
- The company requested a hearing before the Nasdaq Hearings Panel to seek an extension to comply with the rule.
- Aesthetic Medical ( AIH ) said it can regain compliance upon closing of the subscription of its ordinary shares by Hainan Oriental Jiechuang Partnership for RMB 170M.
- The subscription is expected to close in the next two months.
For further details see:
Aesthetic Medical gets Nasdaq notice on minimum shareholders' equity rule