ChinaNet Regains Nasdaq Compliance

ChinaNet, 12/03/12

Chinese online and TV advertising firm ChinaNet Online Holdings (Nasdaq: CNET) today announced that on November 30, 2012, it received a letter from the Nasdaq Stock Exchange informing the company that it has regained compliance with the minimum bid price rule for continued listing set forth in Nasdaq Listing Rule 5450(a)(1), as its common stock had achieved a closing bid price of USD 1.00 or more for 10 consecutive business days.

On May 30, 2012, the company received a letter from the Nasdaq stating that, based upon the closing bid price for the previous 30 consecutive business days, the Company no longer met the requirement set forth in Nasdaq Listing Rule 5450(a)(1), which requires listed securities to maintain a minimum bid price of USD 1.00 per share.

Keywords: TV advertising online advertising financing Internet Nasdaq CNET ChinaNet television

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