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Benzinga
Benzinga
World
The Bamboo Works

Qudian in Search of a Business as Stock Returns to Penny Territory

Qudian NYSE FinVolution

Key Takeways:

  • Qudian was notified by the New York Stock Exchange that it was in violation of listing rules that require its stock price to stay above $1
  • The warning was its third one this year, and came after the company said it was scaling down a food business it started just six months ago and ceased its main lending business
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