China Liberal regains Nasdaq compliance with bid price By Investing.com

BEIJING – China Liberal Education Holdings Limited (NASDAQ:CLEU), a provider of smart campus solutions and other educational services in China, with a current market capitalization of $72.31 million, has announced that it has regained compliance with the Nasdaq’s Minimum Bid Price Requirement. According to InvestingPro data, the company’s stock has experienced significant volatility, declining by 90% over the past year. The company received a Compliance Notice from the Listing Qualifications Department of the Nasdaq Stock Market on January 10, 2025, indicating that it has met the necessary conditions for continued listing.

The notice comes after a previous warning from Nasdaq on August 21, 2024, where China Liberal was informed that it did not maintain the required minimum bid price of $1.00 per share for 30 consecutive business days. The company was given a grace period until February 17, 2025, to address the issue.

In response, China Liberal executed a share consolidation on December 24, 2024, combining fifteen ordinary shares into one, effectively raising the par value of each share to $0.225. This strategic move has proven successful, as the company’s shares achieved a closing bid price of at least $1.00 per share for 10 consecutive business days between December 24, 2024, and January 8, 2025, thus satisfying the Nasdaq’s requirement.

China Liberal specializes in providing technological consulting services to Chinese universities, aiming to enhance campus information and data management systems. The company’s goal is to create “smart campuses” that improve the overall educational environment. Additionally, it offers job readiness training programs for graduates. InvestingPro analysis reveals the company maintains impressive gross profit margins of 64% and a strong current ratio of 16.25, indicating robust short-term liquidity. For deeper insights into CLEU’s financial health and 10+ additional ProTips, consider exploring InvestingPro’s comprehensive analysis tools.

Investors are cautioned that forward-looking statements included in the company’s announcements involve risks and uncertainties. Based on InvestingPro’s Fair Value analysis, the stock currently appears to be trading below its estimated Fair Value, though investors should note the company’s weak overall financial health score of 1.51 out of 5. These statements are based on current expectations and projections about future events, which are derived from the information available to the company at this time. The actual events or results may differ materially from those projected due to various factors, including changes in market needs and technology, as well as competitive business conditions.

This news article is based on a press release statement from China Liberal Education Holdings Limited.

In other recent news, China Liberal Education Holdings Limited has announced a share consolidation plan. The educational services and technological consulting firm will consolidate fifteen ordinary shares into one, thereby altering the par value from $0.015 to $0.225 per share. The share consolidation is set to take effect later this year.

The company’s ordinary shares will continue to trade on the Nasdaq Capital Market under the ticker symbol “CLEU,” but with a new CUSIP number G2161Y125. The consolidation will occur automatically, with no action required from shareholders. Fractional shares will be rounded up to the nearest whole number.

Additionally, the approved consolidation will adjust the company’s authorized share capital to $225,000,000, divided into 1,000,000,000 ordinary shares at $0.225 par value each. As these are recent developments, investors are advised to keep a close watch on the company’s moves. As always, the company advises investors to consider risk factors that may impact future results.

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