BAIYU Appealing Nasdaq Delisting Decision

MT Newswires Live10-08

BAIYU Holdings (BYU) said Tuesday it has filed a notice of appeal against a Nasdaq decision to delist its shares from the stock exchange.

The company said that after receiving the notification from Nasdaq last Friday, it determined it would appeal the decision as the stock exchange didn't "consider all relevant facts in making its delisting decision."

Nasdaq based its delisting decision on concerns about "the adequacy of the company's due diligence in the [recently disclosed] transactions and what it considered unusual trading activity in the company's common stock following the announcements," BAIYU said.

BAIYU recently disclosed a purchase and sales contract for electric lithium batteries with a US-based auto parts supplier and a letter of intent to cooperate in the building and operating of electric vehicle charging stations in Cairo, Egypt.

"These two projects are natural extensions of the Company's bulk commodities trading business and align perfectly with our recent expansion into clean energy projects, including battery-charging stations," BAIYU Chief Executive Renmei Ouyang said in a statement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2473472756?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-08 23:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2473472756","market":"us","top_or_hot":-1,"title":"BAIYU Appealing Nasdaq Delisting Decision","media":"MT Newswires Live","content":"<html><body><p> BAIYU Holdings (BYU) said Tuesday it has filed a notice of appeal against a Nasdaq decision to delist its shares from the stock exchange.</p><p>The company said that after receiving the notification from Nasdaq last Friday, it determined it would appeal the decision as the stock exchange didn't \"consider all relevant facts in making its delisting decision.\"</p><p>Nasdaq based its delisting decision on concerns about \"the adequacy of the company's due diligence in the [recently disclosed] transactions and what it considered unusual trading activity in the company's common stock following the announcements,\" BAIYU said.</p><p>BAIYU recently disclosed a purchase and sales contract for electric lithium batteries with a US-based auto parts supplier and a letter of intent to cooperate in the building and operating of electric vehicle charging stations in Cairo, Egypt.</p><p>\"These two projects are natural extensions of the Company's bulk commodities trading business and align perfectly with our recent expansion into clean energy projects, including battery-charging stations,\" BAIYU Chief Executive Renmei Ouyang said in a statement.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BAIYU Appealing Nasdaq Delisting Decision</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBAIYU Appealing Nasdaq Delisting Decision\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-08 23:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BAIYU Holdings (BYU) said Tuesday it has filed a notice of appeal against a Nasdaq decision to delist its shares from the stock exchange.The company said that after receiving the notification from ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BKPKM429.USD","symbol_name":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2473472756","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473472756","pubTimestamp":1728401929,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"BAIYU Holdings  said Tuesday it has filed a notice of appeal against a Nasdaq decision to delist its shares from the stock exchange.The company said that after receiving the notification from Nasdaq last Friday, it determined it would appeal the decision as the stock exchange didn't \"consider all relevant facts in making its delisting decision.\"Nasdaq based its delisting decision on concerns about \"the adequacy of the company's due diligence in the [recently disclosed] transactions and what it considered unusual trading activity in the company's common stock following the announcements,\" BAIYU said.BAIYU recently disclosed a purchase and sales contract for electric lithium batteries with a US-based auto parts supplier and a letter of intent to cooperate in the building and operating of electric vehicle charging stations in Cairo, Egypt.\"These two projects are natural extensions of the Company's bulk commodities trading business and align perfectly with our recent expansion into clean e","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4585":"ETF&股票定投概念",".IXIC":"NASDAQ Composite","BYU":"BAIYU Holdings, Inc.","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","NDAQ":"纳斯达克OMX交易所","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","BK4112":"金融交易所和数据","BK4104":"贸易公司与经销商","BK4588":"碎股"},"translate_title":"白宇对纳斯达克退市决定提出上诉","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"NQmain":1,"NDAQ":1,"BYU":0.9},"content_text":"BAIYU Holdings (BYU) said Tuesday it has filed a notice of appeal against a Nasdaq decision to delist its shares from the stock exchange.The company said that after receiving the notification from Nasdaq last Friday, it determined it would appeal the decision as the stock exchange didn't \"consider all relevant facts in making its delisting decision.\"Nasdaq based its delisting decision on concerns about \"the adequacy of the company's due diligence in the [recently disclosed] transactions and what it considered unusual trading activity in the company's common stock following the announcements,\" BAIYU said.BAIYU recently disclosed a purchase and sales contract for electric lithium batteries with a US-based auto parts supplier and a letter of intent to cooperate in the building and operating of electric vehicle charging stations in Cairo, Egypt.\"These two projects are natural extensions of the Company's bulk commodities trading business and align perfectly with our recent expansion into clean energy projects, including battery-charging stations,\" BAIYU Chief Executive Renmei Ouyang said in a statement.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2473472756"}