Trading Cloopen Group Shares Halted as Filing Deadline Looms
17 Mai 2023 - 7:25PM
Dow Jones News
By Colin Kellaher
Trading in shares of Cloopen Group Holding has been halted all
day Wednesday as the deadline imposed by the New York Stock
Exchange for the company to file its 2021 annual report
approaches.
The Beijing-based cloud-based communications solution provider,
which last year said it had uncovered employee misconduct and
transaction irregularities that inflated its revenue, had until
Wednesday to file the 2021 annual report with the Securities and
Exchange Commission under an extension granted by the NYSE.
Cloopen warned in November that if it hadn't filed the 2021
annual report and any subsequent delayed filings with the SEC by
Wednesday, the NYSE would move forward with the initiation of
suspension and delisting procedures.
Cloopen still hasn't filed the documents, according to the SEC's
website.
NYSE representatives didn't immediately return requests for
information regarding Cloopen's trading status.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 17, 2023 13:10 ET (17:10 GMT)
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