BEST Inc. Receives Notice Regarding NYSE Continued Listing Standards

Author: Benzinga Newsdesk | November 14, 2023 04:11am

BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced that it received a letter from the New York Stock Exchange (the "NYSE"), dated October 17, 2023, notifying the Company that it was not in compliance with applicable market capitalization and equity criteria (the "Market Cap and Equity Criteria") in the NYSE's continued listing standards because, as of October 16, 2023, the Company's (i) average total market capitalization was less than $50 million over a consecutive 30 trading-day period, and (ii) last reported stockholders' equity as of June 30, 2023 was less than $50 million. The Company is currently in compliance with all other NYSE continued listing standards, and the Company's American Depositary Shares will continue to be listed and traded on the NYSE.

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