BEIJING , URUMQI and HANGZHOU, China , Aug. 12, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (NASDAQ: CLDC), a non-bank financial corporation servicing ...
BEIJING, URUMQI, China and HANGZHOU, China, July 29, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (CLDC), a non-bank financial corporation servicing micro, small and medium sized enterprises in China, today announced that it has entered into a five-year strategic partnership with Zhong Lian Jin An Insurance Brokers Co., Ltd. ("ZLJA"), a leading insurance brokerage company in China with over 90 branches across the nation. China Lending will utilize its market resources to help ZLJA to effectively expand and manage its insurance customer base and sales channels.
BEIJING, URUMQI, China and HANGZHOU, China, July 16, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (CLDC), a non-bank financial corporation servicing micro, small and medium sized enterprises in China, today announced that on July 11, 2019, the Company received a delisting determination letter from Nasdaq Listing Qualifications ("Nasdaq"), indicating that the Company's securities would be subject to delisting from the Nasdaq Capital Market based on its non-compliance with the continued listing requirements, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the "Panel"). As previously announced, on May 1, 2019, the Company received a notification letter from Nasdaq notifying that the Company is no longer in compliance with the Nasdaq Capital Market's continued listing requirement of a minimum of $2,500,000 in stockholders' equity, as set forth in Nasdaq Listing Rule 5550(b)(1). Nasdaq also determined that the Company does not meet the alternatives of market value of listed securities or net income from continuing operations for continued listing.
BEIJING, URUMQI, China and HANGZHOU, China, July 18, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (CLDC), a non-bank financial corporation servicing micro, small and medium sized enterprises in China, today announced that Nasdaq has scheduled the Company's hearing before the Nasdaq Hearings Panel (the "Panel") for August 22, 2019. At the hearing, the Company will present its plan to regain compliance with the Nasdaq Listing Rules and request the continued listing of the Company's securities on the Nasdaq Capital Market pending the Company's compliance therewith. As previously announced, on July 11, 2019, the Company received a delisting determination letter from Nasdaq, indicating that the Company's securities would be subject to delisting from the Nasdaq Capital Market based on its non-compliance with the continued listing requirements, unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the "Panel").
BEIJING, URUMQI, China and HANGZHOU, China, Sept. 6, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (CLDC) today was notified by The Nasdaq Stock Market ("Nasdaq") that the Nasdaq Hearings Panel denied the Company's recent appeal and determined to delist the Company's common shares from Nasdaq. The decision to delist the Company's common shares was reached as a result of the Company's inability to regain compliance with the continued listing requirement of a minimum of $2.5 million in stockholders' equity, as set forth in Nasdaq Listing Rule 5550(b)(1).
BEIJING, URUMQI, China and HANGZHOU, China, Aug. 20, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (CLDC), a non-bank financial corporation servicing micro, small and medium sized enterprises in China, today announced that it received a notification letter from Nasdaq Listing Qualifications advising the Company that based upon the closing bid price for the Company's common shares for the past 30 consecutive business days, the Company no longer met the minimum $1.00 per share Nasdaq continued listing requirement set forth in Nasdaq Listing Rule 5555(a)(2). The notification also stated that the Company would be provided 180 calendar days, or until February 11, 2020, to regain compliance with the foregoing listing requirement.
BEIJING, URUMQI, China and HANGZHOU, China, July 15, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (CLDC), a non-bank financial corporation servicing micro, small and medium sized enterprises in China, today announced that it has entered into a five-year strategic partnership agreement with Rui Xin Insurance Technology (Ningbo) Co., Ltd ("Rui Xin"), a financial technology company providing comprehensive insurance solutions. Through the partnership, each party expects to jointly grow their businesses and help each other to expand their customer base by leveraging each other's unique and complementary strength as well as resource in financial technology, the consumer finance market and the insurance industry.
BEIJING and URUMQI, China, June 17, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (CLDC), a non-bank direct lending corporation servicing micro, small and medium sized enterprises in China, today announced that it has entered into a share purchase agreement (the "Share Purchase Agreement") to acquire 65.0177% equity interests in Lixin Financial Holdings Group Limited ("Cayman Lixin"), a company incorporated under the laws of Cayman Islands.