Sino-Global Shipping America Regains Nasdaq Compliance

New York-based shipping, chartering and logistics company Sino-Global Shipping America, Ltd. has regained compliance with the Nasdaq minimum bid price requirement of USD 1 per common share on the Nasdaq Capital Market.

Namely, for ten consecutive business days from July 21 to August 3, the closing bid price of the company’s common stock was USD 1 per share or greater.

Therefore, the company received a notification letter from Nasdaq regarding the compliance on August 4, 2016.

On November 6, 2015, Sino-Global Shipping America was notified that the bid price of its common stock had closed below the USD 1 per share minimum requirement for 30 consecutive business days.

The company earlier signed a Strategic Cooperation Agreement with COSCO Logistics (Americas) Inc., through which the parties plan to provide logistics services between China and the United States and develop shipping customers as an end-to-end global logistics service.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >