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Stock impact report

KUKE Music Regains Compliance with NYSE Continued Listing Standards

Kuke Music Holding Limited American Depositary Shares, each representing one Ordinary Share (KUKE) 
Company Research Source: GlobeNewswire
Beijing, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today announced that it received notification from the New York Stock Exchange (the “NYSE”) on September 10, 2024, confirming that the Company has been back in compliance with the NYSE’s quantitative continued listing standards. This decision came as a result of the Company’s achievement of compliance with the NYSE’s minimum market capitalization and shareholders’ equity requirement over the past two quarters. As previously reported, on June 29, 2023, Kuke was notified by the NYSE that it was below compliance standards due to the Company’s average global market capitalization falling below $50 million over a consecutive 30 trading-day period and shareholders’ equity being less than $50 million. Beginning with the opening of trading on September 11, 2024, the below compliance indicator will no longer be transmitted for t Show less Read more
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