BEIJING and NEW
YORK, Oct. 20, 2017
/PRNewswire/ -- Wins Finance Holdings Inc. ("Wins Finance" or the
"Company") (NASDAQ: WINS), a diversified investment and asset
management company that provides integrated financing solutions to
small and medium enterprises ("SMEs") in China, announced today that on October 19, 2017 the Company received a letter
from the Staff of the Listing Qualifications Department (the
"Listing Qualifications Staff") of The Nasdaq Stock Market LLC
("Nasdaq") stating that the Listing
Qualifications Staff has withdrawn its August 4, 2017 delisting determination letter.
Accordingly, the Company's securities remain listed on Nasdaq.
Notwithstanding the withdrawal of the August 4, 2017 delisting determination letter,
the Company has been further advised by Nasdaq that the Company's
securities will remain halted pending the receipt and review by
Nasdaq of additional information from the Company.
About Wins Finance
Wins Finance is a diversified investment and asset management
company listed on NASDAQ. The Company is focused on identifying
value accretive investment opportunities and assets in China and the United
States that can be enhanced through the strategic
involvement of Wins' established management team and its
familiarity with the Chinese investment community to help generate
long-term value for shareholders. Wins Finance is well positioned
to leverage its expertise and existing operations in China to build a comprehensive platform for
the provision of lending and other financing solutions to the
under-served small and medium enterprise segment. For more
information, please visit www.winsholdings.com.
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. All statements other than
statements of historical fact in this press release are
forward-looking statements and involve certain risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. These forward-looking
statements are based on management's current expectations,
assumptions, estimates and projections about the Company and the
industry in which the Company operates, but involve a number of
unknown risks and uncertainties. Further information regarding
these and other risks are described in the Company's Annual Report
on Form 20-F for the year ended June 30,
2016 and in the Company's other filings with the U.S.
Securities and Exchange Commission. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these forward
looking statements are reasonable, it cannot assure you that such
expectations will turn out to be correct, and actual results may
differ materially from the anticipated results. You are urged to
consider these factors carefully in evaluating the forward-looking
statements contained herein and are cautioned not to place undue
reliance on such forward-looking statements, which are qualified in
their entirety by these cautionary statements.
Company Contacts:
Wins Finance Holdings Inc.
641 Lexington Ave, 29th FL
New York, NY 10022
Tel: 212-488-4974
E-mail: info@winsholdings.com
View original
content:http://www.prnewswire.com/news-releases/wins-finance-holdings-announces-nasdaqs-withdrawal-of-delisting-determination-letter-300540582.html
SOURCE Wins Finance Holdings Inc.