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Stock impact report

Asia Pacific Wire & Cable Corporation Ltd. Announces Receipt of Continued Listing Standards Letter from Nasdaq

Asia Pacific Wire & Cable Corporation Limited - Common shares, Par value .01 per share (APWC) 
US:NASDAQ Investor Relations: apwcc.com
Company Research Source: GlobeNewswire
TAIPEI, Taiwan, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced the Company's receipt of a letter from Nasdaq’s Listing Qualifications department indicating that the Company is not in compliance with one of The Nasdaq Global Market’s continued listings standards. Specifically, The Nasdaq Global Market requires listed securities to maintain a minimum Market Value of Publicly Held Shares (“MVPHS”) of $5,000,000. The Company has been informed by Nasdaq that, based upon a review of APWC’s MVPHS for the last 30 consecutive business days, the Company no longer meets this requirement.  Nasdaq rules provide the Company with a 180 calendar day period in which to regain compliance with this listing standard; otherwise, the Company will receive written notification that i Show less Read more
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