Last $0.59 USD
Change Today -0.0016 / -0.27%
Volume 260.0K
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

lentuo internati-spon ads (LAS) Snapshot

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52 Week High
03/7/14 - $5.38
52 Week Low
02/27/15 - $0.55
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lentuo internati-spon ads (LAS) Details

Lentuo International Inc. operates automobile franchise dealerships in the People’s Republic of China. The company offers various automobile products and services, including new passenger vehicles, auto parts, and accessories; automobile repair and maintenance services; assistance services in procuring automobile insurance and financing, and other automobile-related services; and automobile leasing services. Its dealerships sell seven automobile brands comprising FAW-Volkswagen, Audi, FAW-Mazda, Shanghai-Volkswagen, Toyota, Chang An-Mazda, and GAC-Honda. The company operates 12 franchise dealerships, 10 automobile showrooms, and 1 automobile repair shop. It sells new vehicles to individual retail customers, as well as to institutional customers, such as taxi companies and government entities. Lentuo International Inc. was founded in 1994 and is based in Beijing, the People’s Republic of China.

1,574 Employees
Last Reported Date: 05/15/14
Founded in 1994

lentuo internati-spon ads (LAS) Top Compensated Officers

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lentuo internati-spon ads (LAS) Key Developments

Lentuo to Introduce EVs to Dealerships

Lentuo International has announced that it plans to expand its operations to include electric vehicles (EVs) and plug-in hybrid EVs (PHEVs). The company expects this segment to see substantial growth in coming years following the backing of the Chinese government for new energy vehicles (NEVs). Lentuo has not announced which automakers expect to introduce EVs and PHEVs at its dealerships in China. The company has, however, stated that it is in discussions with a German manufacturer of roof-integrated solar systems and is integrating its roof systems in smart EV charging stations in China.

Lentuo International Receives Non Compliance Notice From NYSE

Lentuo International Inc. announced that on January 16, 2015, it received notice from the New York Stock Exchange, Inc. ("NYSE") that the Company is no longer in compliance with the NYSE's continued listing standards because the average per share closing price of the Company's American depositary shares ("ADS") for the consecutive 30 trading-day period ended on January 9, 2015 has fallen below the NYSE's share price requirements. The NYSE requires the average closing share price of a listed company to be no less than US$1.00 per share over a consecutive 30 trading-day period. Subject to the NYSE's rules, the Company has six months from the date of its receipt of the NYSE notice to regain compliance with the minimum share price rule. The Company can regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the six-month cure period the Company's ADSs have a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the consecutive 30 trading-day period ending on the last trading day of that month. The Company can also regain compliance if at the expiration of the six-month cure period both a $1.00 closing share price on the last trading day of the cure period and a $1.00 average closing share price over the consecutive 30 trading-day period ending on the last trading day of the cure period are attained. The Company expects to notify the NYSE that it will take steps to cure this deficiency within the prescribed timeframe. Until then, the Company's ADSs will continue to be listed and traded on the NYSE, subject to compliance with other NYSE continued listing standards and other rights of the NYSE to delist the ADSs. The Company is currently in compliance with all other NYSE continued listing standards. The NYSE notification does not affect the Company's business operations or its Securities and Exchange Commission reporting requirements.

Lentuo International Inc. Announces Joint Venture with Bitauto Holdings Limited and Youxinpai (Beijing) Information Technology Co., Ltd

Lentuo International Inc. announced that its joint venture with Bitauto Holdings Limited and Youxinpai (Beijing) Information Technology Co., Ltd. announced on August 15, 2014 has been officially registered with the Beijing Municipal Administration of Industry and Commerce. With operational planning having already begun, the JV will begin developing what is expected to be the Online-to-Offline platform exclusively dedicated to certified premium pre-owned cars in China. The JV is expected to contribute significantly to the premium cars and pre-owned cars businesses of the Company, two of its four strategic pillars. It will initially be centered on Beijing, where sales of pre-owned cars, and particularly premium pre-owned cars, are growing much faster than sales of new cars, and it will gradually expand to other cities. With respect to the expansion outside Beijing, the recently announced BMW dealership in Gaobedian while contributing to geographic diversification, another strategic pillar of the Company, will eventually add to the volume of premium pre-owned cars for sale.


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