Le Lézard
Classified in: Business

China Lending Announces Nasdaq Hearings Date


BEIJING, URUMQI, China and HANGZHOU, China, July 18, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (NASDAQ: CLDC), a non-bank financial corporation servicing micro, small and medium sized enterprises in China, today announced that Nasdaq has scheduled the Company's hearing before the Nasdaq Hearings Panel (the "Panel") for August 22, 2019. At the hearing, the Company will present its plan to regain compliance with the Nasdaq Listing Rules and request the continued listing of the Company's securities on the Nasdaq Capital Market pending the Company's compliance therewith.

As previously announced, on July 11, 2019, the Company received a delisting determination letter from Nasdaq, indicating that the Company's securities would be subject to delisting from the Nasdaq Capital Market based on its non-compliance with the continued listing requirements, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the "Panel"). The Company filed the hearing request on July 15, 2019, which has stayed the delisting action of the Company's securities by Nasdaq pending the Panel's final decision. There can be no assurance that the Panel will grant the Company's request for continued listing.

The Company is doing everything within its control to regain compliance with the Nasdaq listing rules. If the Panel upholds the delisting determination following the hearing, the Company's securities may be eligible for quotation on the OTC Bulletin Boards or in the "pink sheets."

About China Lending Corporation

Founded in 2009, China Lending is a non-bank financial corporation and provides comprehensive financial services to micro, small and medium sized enterprises, and individuals. China Lending has headquarters in Urumqi, the capital of Xinjiang Autonomous Region, and Hangzhou, the capital of Zhejiang province. For more information, please visit: www.chinalending.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's expectations and plans in connection with its ability to appeal the delisting determination and to regain and maintain compliance with the Nasdaq continued listing requirements, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

IR Contact:

At the Company:
Katrina Wu
Email: wuxiaoqing@chinalending.com
Phone: +86-991-316-9617

Investor Relations:
Robin Yang
ICR
Email: Robin.Yang@icrinc.com
Phone: +86 158-8929-2733

SOURCE China Lending Corporation


These press releases may also interest you

at 11:39
XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive advisor to Silipint in its sale to E&A Companies. Silipint, headquartered in Bend, Oregon is the originator...

at 11:33
A recent survey commissioned by Aviva Canada and conducted by Pollara Strategic Insight finds that Canadians overwhelmingly support strong action to fight insurance fraud and clearly correlate fraud with increased premiums.  The survey showed that...

at 11:30
Global footwear powerhouse Skechers is building on the technology in its footwear through a new collaboration with The Goodyear Tire & Rubber Company . Select styles across multiple categories for men, women and kids will utilize Goodyear rubber...

at 11:27
Adit Ventures, a leading late stage venture capital investment firm, is proud to be attending The Private Wealth Management Summit 2020 in Boston, March 11-13. This is one of marcus evans summits'.  Founder and CIO, Eric Munson and Managing Director...

at 11:25
In the age of content overload, product and service providers are finding it extremely challenging to cut through the noise and reach potential customers, which explains the growing importance and popularity of third-party promoters.  In 2010, US...

at 11:23
K2 Intelligence and Financial Integrity Network (FIN) today announced that former U.S. Treasury official Danny McGlynn has joined the firm as a senior vice president. Mr. McGlynn joins the firm after serving as Principal Deputy Assistant Secretary of...



News published on 18 july 2019 at 16:30 and distributed by: