Bright scholar announces receipt of nyse non-compliance letter regarding ads trading price

Foshan, china , april 1, 2022 /prnewswire/ -- bright scholar education holdings limited ("bright scholar" or the "company") (nyse: bedu), a global premier education service company, today announced that it has received a letter (the "letter") from the new york stock exchange (the "nyse") dated march 25, 2022, notifying the company that it is below compliance standards due to the trading price of the company's american depositary shares (the "adss") and that the applicable cure period for the company to regain compliance expires on september 26, 2022. pursuant to applicable nyse continued listing standards, a company would be considered "below criteria" by the nyse 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.
BEDU Ratings Summary
BEDU Quant Ranking