home news forum careers events suppliers solutions markets expos directories catalogs resources advertise contacts
 
News Page

The news
and
beyond the news
Index of news sources
All Africa Asia/Pacific Europe Latin America Middle East North America
  Topics
  Species
Archives
News archive 1997-2008
 

Agria Corporation notified by New York Stock Exchange of non-compliance with minimum average closing price listing standard


Hong Kong, China
June 13, 2016

Agria Corporation (NYSE: GRO) (the "Company" or "Agria"), a global agriculture company, today announced that the Company was notified by the New York Stock Exchange ("NYSE") that the Company is not in compliance with the NYSE minimum average closing price continued listing standard. The standard requires a listed security to maintain a minimum average closing price of $1.00 per share over a consecutive 30-trading-day period. The NYSE noted that the minimum average closing price is the only listing criteria with which the Company is not in compliance. The Company has six months from receipt of the notification to bring its ADS price and average ADS price back above $1.00.

Alan Lai, Executive Chairman of Agria, commented, "We are committed to maintaining our NYSE listing and are formulating plans intended to restore our compliance with the listing standard. Furthermore, we expect to significantly increase our investor relations activity in the months ahead. We are excited about Agria's prospects for growth and improving profitability, and want to ensure that our investors are fully informed of the Company's performance and future growth initiatives."



More news from: Agria Corporation


Website: http://www.agriacorp.com

Published: June 13, 2016

The news item on this page is copyright by the organization where it originated
Fair use notice


Copyright @ 1992-2025 SeedQuest - All rights reserved