Current Report Filing (8-k)
05 November 2015 - 12:31PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act 1934
Date of Report (date of earliest event reported):
November 3, 2015
QKL STORES INC.
(Exact name of registrant as specified in
charter)
Delaware |
033-10893 |
75-2180652 |
(State of Incorporation) |
(Commission File No.) |
(IRS Employer
Identification No.) |
4 Nanreyuan Street
Dongfeng Road
Sartu District
163300 Daqing, PRC
(Address Of Principal Executive Offices)
(Zip Code)
(011) 86-459-460-7825
(Registrant’s Telephone Number, Including
Area Code)
_____________________________________
(Former Name or Former Address, is Changed
Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
¨ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing
On November 3, 2015, QKL Stores Inc. (the
“Company”) received a letter from the Nasdaq Stock Market LLC (“Nasdaq”). Nasdaq indicated in its letter
that Listing Rule 5550(a)(5) (the “Rule”) requires listed securities to maintain a minimum market value of publicly
held shares (“MVPHS”) of US$1,000,000. Based upon Nasdaq’s review of the Company’s MVPHS for the last thirty
(30) consecutive business days, the Company no longer meets this requirement. Consequently, a deficiency exists with regard to
the Rule.
Consistent with Nasdaq’s rules, Nasdaq
indicated that it will provide the Company a cure period in order to regain compliance. The Company has until May 2, 2016 to regain
compliance. In the event the Company does not regain compliance by this date, it will receive written notification from Nasdaq
that its securities are subject to delisting.
The Company expects to regain compliance
prior to the end of the cure period.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
QKL STORES INC. |
|
|
|
|
|
By: |
/s/ Tsz-Kit Chan |
|
Name:
Title: |
Tsz-Kit Chan
Chief Financial Officer |
Date: November 5, 2015
QKL Stores (CE) (USOTC:QKLS)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
QKL Stores (CE) (USOTC:QKLS)
Historical Stock Chart
Von Nov 2023 bis Nov 2024