ChinaCache Announces Final Delisting From Nasdaq
10 Septembre 2019 - 1:00PM
ChinaCache International Holdings Ltd. (“ChinaCache” or the
“Company”) (Nasdaq GS: CCIH), a leading total solutions provider of
Internet content and application delivery services in China, today
announced in a recent Form 6-K report that on September 4, 2019,
Nasdaq issued a letter to the Company stating that The Nasdaq
Hearings Panel (the “Panel”) has determined to delist the Company’s
shares from The Nasdaq Stock Market.
The delisting determination stated that Nasdaq
will complete the delisting by filing a Form 25 with the United
States Securities and Exchange Commission (the “SEC”) after
applicable appeal periods have lapsed. The Company does not intend
to appeal the Panel’s decision.
Mr. Bin Liu, acting CEO commented, “ChinaCache
remains a publicly quoted company and will strictly adhere to SEC
compliance protecting the interest of the Company’s investor base.
Following the filing and acceptance of the delinquent quarterly and
fiscal year end reports with the Securities Exchange Commission
pursuant to the Exchange Act of 1934, ChinaCache intends to follow
applicable Nasdaq listing standards, notwithstanding its delisting.
Additionally, as of the date of this release, the Company continues
to make progress with the completion of its delinquent annual
report and intends to file these reports with the SEC. The Company
intends to complete and file its Form 20-F for the fiscal year
ended December 31, 2018 as soon as possible with the SEC.
Thereafter, the Company intends to work with a market maker to file
a Form 211 with FINRA to enable the Company’s shares to begin
trading on the over-the-counter markets.
“While there can be no assurances that the
Company will be able to execute its plan. If the shares resume
trading on the over-the-counter markets, the shares may trade less
frequently and in smaller volumes than securities traded on Nasdaq.
While trading on the over-the-counter-markets the Company expects
to apply for a Nasdaq listing at a future time.” concluded Mr.
Liu.
About ChinaCache International Holdings
Ltd.
ChinaCache International Holdings Ltd. is a
leading total solutions provider of Internet content and
application delivery services in China. Through its distinctive
3-tier Internet ecosystem, ChinaCache also offers Internet data
center management, Internet Exchange operations and cloud hosting
services. ChinaCache's network is interconnected with the
incumbent carriers as well as other local Internet & broadband
service providers in China. With two decades of experience in
developing customized solutions for China's complex Internet
infrastructure, ChinaCache has helped enterprises, SME clients,
government agencies and other organizations enhance the reliability
and scalability of their online services and applications. To
learn more about ChinaCache and how it has improved end-user
experience, please visit ir.chinacache.com.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
ChinaCache may also make written or oral forward-looking statements
in its reports filed or furnished to the U.S. Securities and
Exchange Commission, in its annual reports to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statements, including but not limited to the following: the
Company's goals and strategies, expansion plans, the expected
growth of the content and application delivery services market, the
Company's expectations regarding keeping and strengthening its
relationships with its customers, and the general economic and
business conditions in the regions where the Company provides its
solutions and services. Further information regarding these and
other risks is included in the Company's filings with the U.S.
Securities and Exchange Commission. All information provided in
this press release is as of the date of this press release, and
ChinaCache undertakes no duty to update such information, except as
required under applicable law.
For investor and media inquiries please
contact:
Investor Relations DepartmentChinaCache
International HoldingsTel: +86 10 6408-5686Email:
ir@chinacache.com
ChinaCache (NASDAQ:CCIH)
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