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.
Nasdaq's "questioning" about Reith Education does not stop there. According to the announcement, the NASDAQ Listing Qualification Examination Department identified Ruisi Education as a "public shell" company; In addition, the company also delayed the submission of the balance sheet and income statement for the first half of 2002/kloc-0.
In response to the delisting crisis, Ruisi Education began to plan transformation quality education early and sold all its domestic businesses. Even, the former head of English training announced that merger negotiations are currently underway and it is expected to enter the field of electric vehicles.