JBDI Holdings Limited engages in the trading of reconditioned and new containers in Singapore and the Southeast Asia region. The company offers reconditioning and new steel drums, plastic drums, carboys, and intermediate bulk containers. It also provides ancillary services to its customers, including reconditioning services for used containers; disposal and collection/delivery services; and wastewater treatment services. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited is a subsidiary of E U Holdings Pte. Ltd.
JBDI HOLDINGS ANNOUNCES RECEIPT OF NASDAQ DETERMINATION LETTER
JBDI Holdings received a Notice of Compliance from Nasdaq on July 15, confirming it has regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2).
This notification resolves a prior determination letter that had scheduled the company's securities for delisting and suspension on July 20 due to a bid price that previously closed below $1.00.
Nasdaq has closed the matter, ensuring continued listing of the company's Ordinary Shares under the symbol JBDI.