Joint Tour network to return to the city crisis Tang June or re-push partnership plan

Washington (reporter Sodongdong) yesterday, Tang June chairman of the joint Travel Network to submit information, the company has received a notice from the Nasdaq on August 26. The share price of the common shares of the network, which has failed to reach the minimum bid of $1 for 30 consecutive days, is again facing the risk of delisting.　　The company's share price fell below $1 in mid-July and closed at $0.69 yesterday.　　In the following 180 days, the company must make the closing price of 10 consecutive trading day to achieve or higher than 1 U.S. dollars, otherwise Nasdaq will send the company a written notice of delisting. This is not the first time the company faced the risk of delisting, the United Backdoor network of large China construction also because of the stock price for a long period of less than 1 U.S. dollars by the delisting warning.　　December 21, 2010, the joint Travel network to enable 4 shares of 1 shares of the Partnership plan to temporarily avoid the risk of delisting, but due to its own business performance is weak, the company's stock trend remains depressed. Whether the partnership can save the Joint Travel Network of the official online display, Tang June as the company's chairman of the office, the introduction of the Tang I enumerated in Microsoft, grand, Xinhua are rich fruits. "Rebuilding Grand", this was to help the grand successful listing of the financing of Tang June sustenance in the new dream of the joint-travel network. To this end, on August 24, 2010, Tang June through the Joint Tour network 60% of the shares transferred to Dahua construction backdoor landed on Nasdaq.　　This March, Dahua construction officially changed its name to the joint travel network. Although Tang June has some experience in capital operation, its leading joint-travel network has been slow to see the bright spots in its specific business. When the company listed its business is mainly two game engine, until the end of June this year the company's first game products online, there is no relevant operational data revealed.　　According to media reports, Tang June has made drastic layoffs at the end of last year because he complained about the slow pace of product development and the high operating costs. This year, however, the company's share price has long hovered around $1 trillion, in addition to the 20 million yuan invested by the local government in April, for lack of any positive news.　　In the company struggled to the time, also came the news of Tang June reduction, and even said that Tang June has basically will be linked to the stock sold out. The exit risk scare part of the Chinese companies according to the reporter statistics, as of yesterday, as many as 21 China concept stocks are less than 1 U.S. dollars. Many of these companies also received a warning of delisting, as did the case with the network.　　The Chinese education Group announced on July 29 that it had received a delisting warning from the NYSE. Since June this year only rice, potatoes two companies to the U.S. IPO, Chinese companies to the U.S. listing enthusiasm gradually cooled down. Analysis that some enterprises are worried about the capital market valuation, and some financing needs are not urgent, and may even be "fooled" to the U.S. listed small enterprises, in the United States to see the cost of listing and the risk of withdrawal after the market may choose to give up. Share to: