Asia Pacific Wire & Cable Corporation Announces Listing Transfer to The Nasdaq Capital Market
20 Luglio 2020 - 10:30PM
Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC)
(the "Company"), a leading manufacturer of wire and cable products
for the telecommunications and electric-power industries in the
Asia-Pacific region, today announced that the Company's application
to transfer its listing from The Nasdaq Global Market to The Nasdaq
Capital Market has been approved by The Nasdaq Stock Market
("Nasdaq").
In November 2019, Nasdaq notified the Company that it was not in
compliance with the minimum Market Value of Publicly Held Shares
(“MVPHS”) requirement for continued listing on The Nasdaq Global
Market. The Company’s MVPHS remains below the minimum MVPHS
required for continued listing on The Nasdaq Global Market.
The Company expects its stock to begin trading on The Nasdaq
Capital Market effective at the opening of business on Friday, July
24, 2020. The Company's stock will continue to trade on Nasdaq
under the symbol "APWC."
About Asia Pacific Wire & Cable
Corporation
Asia Pacific Wire & Cable Corporation is principally engaged
in the manufacture and distribution of telecommunications (copper
and fiber optic) and power cable, enameled wire and electronic wire
products in the Asia Pacific region, primarily in Thailand, China,
Singapore and Australia. The Company manufactures and distributes
its own wire and cable products and also distributes wire and cable
products manufactured by its principal shareholder, Pacific
Electric Wire & Cable Company, a Taiwanese company. The Company
also provides project engineering services in the supply, delivery
and installation ("SDI") of power cables to certain of its
customers.
Safe Harbor Statement
This release contains certain "forward-looking statements"
relating to the Company, its business, and its subsidiary
companies. These forward-looking statements are often identified by
the use of forward-looking terminology such as "believes",
“anticipates”, "expects", “estimates”, “intends”, “plans” or
similar expressions. Such forward looking statements involve known
and unknown risks and uncertainties that may cause actual results
to be materially different from those described herein as believed,
anticipated, expected, estimated, intended or planned. Investors
should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website (www.sec.gov). All
forward-looking statements attributable to the Company or to
persons acting on its behalf are expressly qualified in their
entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these
forward-looking statements.
Contact:Investor
Relations Contact: Asia Alpha Investor RelationsLisa A. GraySenior
Account Manager Phone: +1-212-989-9899 Email:
apwc@asiaalphair.com |
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