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Malaysia's Agape settles Nasdaq compliance issue

KUALA LUMPUR: Malaysia's Agape ATP Corp says it has regained compliance with the US$1 minimum bid price requirement under the continued listing requirements of the Nasdaq Stock Market LLC.

"The matter is now closed," Agape said in a brief statement today.

On Sept 17, the company received a written notification from Nasdaq's Listing Qualifications Department confirming that the closing bid price of its ordinary shares has been US$1.00 per share or greater for 10 consecutive trading days, from Aug 30, 2024 to Sept 16, 2024. 

Accordingly, Agape said  it has successfully regained compliance with Nasdaq Listing Rule 5550(a)(2).

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