SSLJ.com to withdraw Nasdaq listing
SSLJ.com Limited announced its intent to withdraw its Class A ordinary shares from the Nasdaq Capital Market. The company said, "Since February 2019, the new management and board of the company have made tremendous efforts to improve the operations and financial conditions of the company. However, the management of the company could not improve the situation of the company in a period satisfactory to the Nasdaq Capital Market. The abrupt resignation of the company's auditors renders the company in a more difficult position to complete and disclose its annual financial information than before. The company has made the decision to withdraw its Class A ordinary shares from listing on the Nasdaq Capital Market primarily because it has failed to file its annual report for the year ended December 31, 2018... failed to maintain a minimum of $2.5M in the stockholders' equity for continued listing... and allegedly failed to disclose the material changes of its operations in a timely manner."