China smartphone shipments slumped in June on inventory overhang: Jefferies
BEIJING - China Liberal Education Holdings Limited (NASDAQ:CLEU), a micro-cap provider of educational services and smart campus solutions in China with a market capitalization of just $4.78 million, is facing potential delisting from the Nasdaq Stock Market. According to InvestingPro data, the company’s revenue has declined by 37% in the last twelve months, reflecting significant operational challenges. The company was notified on May 21, 2025, of its delinquency in filing its Annual Report on Form 20-F for the year ended December 31, 2024. This serves as an additional basis for the possible delisting of its securities.
The Nasdaq Listing Qualifications Department issued the Additional Staff Determination Notice because China Liberal failed to file the Form 20-F on time, violating Nasdaq Listing Rule 5250(c)(1). The company had previously requested a hearing with the Nasdaq’s Hearings Panel, which is scheduled for June 10, 2025. China Liberal has until May 28, 2025, to request a stay of suspension pending the Panel’s decision. InvestingPro analysis indicates the company maintains a strong liquidity position with a current ratio of 16.25, though its overall financial health score remains weak at 1.2 out of 5.
China Liberal is currently working to finalize and submit the delayed Form 20-F, which was substantially drafted before the original deadline. The exact timeline for this completion is uncertain, but the company is striving to expedite the process. Despite the notices of delinquency dated May 7, 2025, and the recent additional notice, China Liberal’s operations remain unaffected.
The announcement adheres to Nasdaq Listing Rule 5810(b), which mandates prompt disclosure of a deficiency notification. China Liberal Education Holdings Limited specializes in technology consulting for Chinese universities to establish "smart campuses" and provides job readiness training for graduates.
This news is based on a press release statement from China Liberal Education Holdings Limited. The company has not provided any further comments on the potential impact of the delinquency notice on its financial performance or market position. The stock has experienced significant volatility, with InvestingPro data showing a dramatic decline of 99.9% over the past year. InvestingPro subscribers have access to 13 additional key insights about CLEU’s financial health and market position.
In other recent news, China Liberal Education Holdings Limited is facing delisting from The Nasdaq Stock Market. The Nasdaq Listings Qualifications Department issued a Staff Determination Notice on May 7, 2025, due to concerns over the company’s substantial issuance of ordinary shares at a significant discount. The shares were issued at a price of $0.006 per share, which represents a 96% discount from the minimum price required by Nasdaq rules. This move has led to substantial dilution for existing shareholders, prompting Nasdaq to consider delisting the company under Listing Rule 5101. Trading of China Liberal’s securities is set to be suspended on May 16, 2025, with a formal delisting to follow. However, the company intends to appeal this determination by May 14, 2025, which will temporarily stay the suspension and delisting process. China Liberal plans to submit a compliance plan to Nasdaq to address these issues. Despite these challenges, the company’s operations remain unaffected, as it continues to focus on its core services.
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