FUZHOU, China, Oct. 28, 2022 /PRNewswire/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan" or the "Company"), a fishing company based in the People's Republic of China, today announced that it has received a notification letter dated October 25, 2022 (the "Notification Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), indicating that for the last 30 consecutive business days from September 9, 2022 through October 24, 2022, the closing bid price for the Company's ordinary shares was below the minimum bid price of $1.00 required for continued listing under Nasdaq Listing Rule 5550(a)(2).
Read more at prnewswire.comPingtan Marine Enterprise Receives Nasdaq Notification Regarding Minimum Bid Price Compliance
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