China Index Holdings announced that on November 29, Nasdaq Listing Qualifications department of the Nasdaq Stock Market approved the company’s request to transfer the listing of the company’s American depositary shares from the Nasdaq Global Select Market to the Nasdaq Capital Market. The transfer is expected to take effect at the opening of business on November 30. The transfer of the company’s listing to the Nasdaq Capital Market is not expected to have any impact on trading in the company’s ADSs. The company’s ADSs will continue to trade uninterruptedly under the symbol (CIH). The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Select Market, and companies on the Nasdaq Capital Market must meet certain financial and corporate governance requirements to qualify for continued listing.
Published first on TheFly
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