The Minister mentioned that the as a result of successful trade diplomacy of the MoC, the minimum
asset requirement for a Pakistani bank was reduced by $5 billion which resulted in a Pakistani bank qualifying for entry into Chinese market.
For the sixth category, the
asset requirement of the contractor is a minimum Dh300,000 and the estimated value of the project the contractor may participate in Dh7 million, or less.
The minimum total
asset requirement for a Hong Kong bank acquiring a shareholding in a mainland bank will be lowered from US$10 billion to US$6 billion, allowing banks with smaller assets to set up business in the mainland.
Investment Restrictions: Admissible
asset requirement (cash and cash equivalent)
The company has failed on two of Nasdaq's criteria, as it no longer meets the $4m net tangible
asset requirement and could not maintain a closing bid price of $1 per share.
He said the
asset requirement for any foreign bank to open its branch was US $20 billion but China gave special concession to Pakistan and the minimum
asset requirement was reduced to $15 billion.
DELISTED: Simulations Plus, a pharmaceutical software developer based in Lancaster, was delisted from the Nasdaq SmallCap Market because it failed to meet the net
asset requirement for continued listing.
Nasdaq said it doubted the Boca Raton, Florida company's ability to sustain compliance with the Net Tangible
Asset requirement of $4.
On May 14 the exchange notified the company that it had until July 2 to get its stock price above the $1 limit for 10 consecutive trading days and it had until July 15 to comply with the net tangible
asset requirement.
The company said Thursday it lost $1 million (or 7 cents a diluted share) on $19 million in revenues even as it faced July deadlines to get its stock price for 10 consecutive days above the minimum $1 a share required to remain on the Nasdaq, and to meet Nasdaq's minimum $2 million net tangible
asset requirement.
