- Pingtan Marine Enterprise ( NASDAQ: PME ) shares are set to be suspended from trading on Nasdaq at the opening of business on Dec. 30.
- The China-based fishing company has received a Nasdaq notice on the continued listing of its securities being no longer warranted.
- A Form 25-NSE will be filed with the U.S. Securities and Exchange Commission.
- The company plans to appeal the determination by Nasdaq to a hearings panel, which will delay the delisting action.
- Source: Press Release
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Pingtan Marine Enterprise shares to be suspended from trading on Nasdaq