JE Cleantech Holdings Limited Ordinary Shares

JE Cleantech, a Singaporean cleantech and precision engineering company, reported a 21.9% increase in revenue and a 114.3% increase in net income in H1 2024 compared to H1 2023. The growth was driven by increased sales of cleaning systems and centralized dishwashing services.

Related tickers: JCSE.

SINGAPORE, June 20, 2024 (GLOBE NEWSWIRE) -- JE Cleantech Holdings Limited (Nasdaq: JCSE), a manufacturer of a broad range of cleaning systems, announced that on June 17, 2024, it received a letter (the “Determination Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The Determination Letter indicated that, as previously notified by Nasdaq on December 14, 2023, the bid price of the Company’s listed security had closed at less than $1 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Rule”). In accordance with the Rule, the Company was provided 180 calendar days, or until June 11, 2024, to regain compliance with the Rule

Related tickers: JCSE.