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China Information Technology announced it received a notification from the NASDAQ telling the company it had regained compliance with the minimum bid price requirement for continued listing.

China Information Technology (NASDAQ:CNIT) announced it received a notification from the NASDAQ telling the company it had regained compliance with the minimum bid price requirement for continued listing.
As quoted in the press release:

This notification, dated September 12 and delivered to CNIT chairman and CEO Mr. Jianghuai Lin, stated that from August 21 to September 12, 2017, the closing bid price of the company’s ordinary shares has been at $1.00 per share or greater. Accordingly, the company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this matter is now closed.

Click here to read the full press release.

Source: www.accesswire.com

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