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.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including certain plans, expectations, goals, and
projections, which are subject to numerous assumptions, risks, and
uncertainties. These forward-looking statements may include, but
are not limited to, statements containing words such as "may,"
"could," "would," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "expects," "intends", "future" and
"guidance" or similar expressions. These forward-looking statements
speak only as of the date of this press release and are subject to
change at any time. These forward-looking statements are based upon
management's current expectations and are subject to a number of
risks, uncertainties and contingencies, many of which are beyond
the Company's control that may cause actual results, levels of
activity, performance or achievements to differ materially from any
future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. The
Company's actual results could differ materially from those
contained in the forward-looking statements due to a number of
factors, including those described under the heading "Risk Factors"
in the Company's public filings with the Securities and Exchange
Commission, including the Company's annual report on 10-K. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required under applicable
law.
For more information, please contact:
Mr. Mingyue Cai
Director of Investor Relations
TMSR Holding Company Limited
Tel: +86-21-3258 3578
Email: Jackc@tmsrholding.com
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SOURCE TMSR Holding Company Limited