Asia pacific wire & cable corporation limited receives receipt of continued listing standards letter from nasdaq

Asia pacific wire & cable corporation limited announced the company's receipt of a letter from nasdaq listing qualifications department indicating that the company is not in compliance with one of the nasdaq global market continued listings standards. the nasdaq global market requires listed securities to maintain a minimum market value of publicly held shares (mvphs) of $5,000,000. the company has been informed by nasdaq that, based upon a review of apwc mvphs for the last 30 consecutive business days, the company no longer meets this requirement. a nasdaq rules provide the company with a 180 calendar day period in which to regain compliance with this listing standard; otherwise, the company will receive written notification that its securities are subject to delisting. while the company has not made a final decision yet on its course of action, apwc wishes to assure its investors and other constituencies that it plans to take all necessary and reasonable steps to maintain a listing on the nasdaq stock exchange.
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