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HGSH > SEC Filings for HGSH > Form 8-K on 26-Nov-2012All Recent SEC Filings

Show all filings for CHINA HGS REAL ESTATE INC.

Form 8-K for CHINA HGS REAL ESTATE INC.


26-Nov-2012

Other Events, Financial Statements and Exhibits


Item 8.01. Other Events.

In a letter dated November 20, 2012, The NASDAQ Stock Market LLC ("NASDAQ") notified China HGS Real Estate, Inc. (the "Company") that it has regained compliance with the minimum bid price requirement of $1.00 per share for continued listing on the stock exchange. It's the Company's common stock achieved a closing bid price of more than $1.00 for 14 consecutive business days from October 31, 2012 to November 19, 2012.

On January 18, 2012, the Company received a letter from NASDAQ stating that for 30 consecutive business days immediately preceding the date of the letter the Company's common stock did not maintain a minimum closing bid price of $1.00 per share ("Minimum Bid Price Requirement") as required by NASDAQ Listing Rule 5550(a)(2). The Company was provided 180 calendar days to regain compliance.

In a letter dated July 18, 2012, NASDAQ notified the Company that it was eligible for an additional 180-day period, or until January 14, 2013, to regain compliance with the Minimum Bid Price Requirement. In connection with the grant of the additional 180-day period, the listing of the Company's common stock was transferred, at the Company's request, to the NASDAQ Capital Market under the existing ticker symbol (HGSH) at the opening of business on July 20, 2012. In the July 18, 2012 letter, NASDAQ stated that although the Company had not regained compliance with the Minimum Bid Price Requirement by July 18, 2012, it was eligible for an additional 180-day compliance period, or until January 14, 2013, to cure the deficiency with respect to its bid price.

On November 23, 2012, the Company issued a press release with respect to regaining compliance with the NASDAQ listing requirement, a copy of which is attached as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 Press Release dated November 23, 2012

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