NETEASE.COM FACES NASDAQ DELISTING
AsiaInfo Services, July, 2001
AsiaInfo Services 07-25-2001 NetEase.com Faces Nasdaq Delisting CHINA, Jul 25, 2001 (AsiaPort via COMTEX) -- NetEase.com, Inc, a leading Internet technology provider in China, announced Monday that on July 19, 2001, it received notice from The Nasdaq Stock Market that Nasdaq intends to delist the company's American Depositary Shares from the Nasdaq National Market at the opening of business on July 27, 2001. In the notice, Nasdaq asserted that NetEase.com is in violation of Nasdaq Marketplace Rule 4310(c)(14) because it has not yet filed with Nasdaq and the US Securities and Exchange Commission its Annual Report on Form 20-F. NetEase.com intends to request a hearing on this matter prior to July 27, 2001.
The hearing will stay the delisting of NetEase.com's...
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