2013-05-13
China Jo-Jo Faces Delisting In USA
Chinese pharmaceutical and healthcare products provider China Jo-Jo Drugstores Inc. was notified last week that it may soon be delisted. Nasdaq notified the company of its failure to maintain a minimum closing bid price of USD1.00 over the then preceding 30 consecutive trading days for its common stock as required by Nasdaq Listing Rule 5550(a)(2). [...]