Tarena Announces Receipt of Extended Stay from Nasdaq
Tarena International, Inc. - American Depositary Shares (TEDU)
US:NASDAQ Investor Relations:
ir.tarena.com.cn
Company Research
Source: PR Newswire
BEIJING, Nov. 20, 2019 /PRNewswire/ -- Tarena International, Inc. (Nasdaq: TEDU) ("Tarena" or the "Company") announced today that the Nasdaq Hearings Panel (the "Panel") has granted the Company's request for an extended stay of any suspension of trading pending the ultimate conclusion of the Nasdaq hearing process.On November 15, 2019, the Company timely requested a hearing before the Panel, at which hearing the Company will present its plan to evidence compliance with the Nasdaq filing requirement and an extension within which to do so. In accordance with the Nasdaq Listing Rules, the Company's hearing request automatically stayed any suspension action by Nasdaq for 15 calendar days, or until November 20, 2019; however, the Company also requested a further extension of the stay beyond the 15-day period, which was granted by the Panel and will enable continued trading of the Company's American Depositary Shares on Nasdaq at least pending the ultimate conclusion of the hearing process.
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