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Ten-League International Holdings Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswireยท 2025-09-12 20:30
Core Points - Ten-League International Holdings Limited received a deficiency letter from Nasdaq due to its ordinary shares not meeting the minimum bid price requirement of $1.00 per share over a 30-day period [1][2] - The company has a compliance period of 180 calendar days, until March 9, 2026, to regain compliance by achieving a closing bid price of $1.00 for at least 10 consecutive business days [2][3] - If compliance is not regained within the initial period, the company may be eligible for an additional 180-day compliance period under certain conditions [3][4] Company Overview - Ten-League International Holdings Limited is based in Singapore and provides turnkey project solutions, primarily in heavy equipment sales, rental, and engineering consultancy services for various industries [6] - The company's equipment is categorized into four types: foundation equipment, hoist equipment, excavation equipment, and port machinery [6] - The mission of the company is to deliver high-quality equipment and engineering solutions while continuously adapting to new technologies [6]