Weidai Ltd notified for being below New York Stock Exchange's compliance standards.
Auto Business News-September 27, 2021--Weidai Ltd notified for being below New York Stock Exchange's compliance standards
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Auto Business News - 27 September 2021
Weidai Ltd (NYSE: WEI), an auto-backed financing solution provider in China, has received a letter for being below the New York Stock Exchange's (NYSE'S) compliance standards due to its American Depositary Shares' trading price.
The firm is considered to be below compliance standards based on the NYSE rule 802.01C if the average closing price of a security as reported on the consolidated tape is less than USD1 over a...
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