WUHAN, China, Jan. 10, 2020 /PRNewswire/ — TMSR Holding Company Limited (the “Company”) (NASDAQ: TMSR), a holding company with its subsidiaries engaging in the sales of solid waste recycling and comprehensive utilization equipment, the wholesales and sale of fuel matercials, and production and sales of coating materials, today announced that it received written notice from Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”) on January 9, 2020, stating that its minimum bid price deficiency has been cured, it is in compliance with the applicable listing standard and the matter is now closed.
The Company had previously been notified by Nasdaq on October 15, 2019 that it was not in compliance with the minimum bid price rule because its common stock failed to maintain a minimum bid price of $1.00 for 30 consecutive business days. In order to regain compliance with Listing Rule 5550(a)(2), the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading datys.
About TMSR Holding Company Limited
Founded in 2009, TMSR Holding Company Limited engages in the research, development, and sale of an array of solid waste recycling systems for the mining and industrial sectors, the wholesales and sale of fuel matercials, harbor cargo handling services and production and sales of coating materials in the PRC. It provides end users in these markets with a clean alternative to traditional waste disposal by significantly reducing solid waste discharge into the environment and enabling such users to extract value from valuable metals and other industrial waste materials. For more information about TMSR, please visit www.tmsrholding.com.
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