Euro Tech Holdings, Recently Added to SEC List, Will Seek to Maintain Nasdaq Listing
May 27 2022 - 7:23PM
Dow Jones News
By Josh Beckerman
Euro Tech Holdings Co., which was recently added to a
provisional Securities and Exchange Commission list of Chinese
companies facing potential delisting, said it will strive to
maintain its Nasdaq listing.
The companies are at risk of eventual delisting under the audit
inspection requirements of the Holding Foreign Companies
Accountable Act.
Euro Tech's operations include manufacturing technology
instruments and providing environmental engineering services. The
company said it will continue to monitor market developments and
explore possible solutions.
Companies on the SEC list include Pinduoduo Inc., JD.com Inc and
Yum China Holdings Inc.
On May 16, Euro Tech said 2021 revenue rose 60% to $21.4
million. Citing the effects of Covid-19 in China, especially
Shanghai, the company said it would seek to mitigate risks by
exploring markets including Vietnam and Indonesia.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 27, 2022 19:08 ET (23:08 GMT)
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