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 |