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Can Chengdu Ruisi Education close down after delisting in 2022?
It won't go bankrupt

Ruisi Education, which has been listed in the United States for four years, may become the first education stock to be delisted in 2022.

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Not long ago, Ruisi Education announced that it had received a notice from the Nasdaq Listing Qualification Department that the company's closing price was lower than 1 for 30 consecutive trading days from August 13 to September 24, 2026. Unless the company applied for a hearing on Nasdaq in time, it would be delisted.