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Two Chinese firms on Nasdaq face delisting: MingZhu for low stock price, Luokung for non-compliance.
MingZhu Logistics Holdings Limited and Luokung Technology Corp., both Chinese companies listed on Nasdaq, have received delisting notices.
MingZhu’s stock fell below $1 per share for 30 consecutive days, while Luokung failed to provide a definitive plan to meet listing requirements.
Both companies have the option to appeal the decision, with MingZhu also considering a reverse stock split to regain compliance.
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Dos empresas chinas en Nasdaq se enfrentan a la supresión de la lista: MingZhu por el bajo precio de las acciones, Luokung por el incumplimiento.