Delisting Determination,The Nasdaq Stock Market, LLC,
June 27, 2012, ChinaCast Education Corporation. The Nasdaq Stock
Market, Inc. (the Exchange) has determined to remove from
listing the common stock of ChinaCast Education Corporation
(the Company), effective at the opening of the trading
session on July 9, 2012. Based on review of information
provided by the Company, Nasdaq Staff determined that the
Company no longer qualified for listing on the Exchange
pursuant to Listing Rules 5100 and 5250(c)(1). The Company
was notified of the Staffs determination on May 2, 2012.
The Company appealed the determination to a Hearing Panel
and also requested that the Panel stay the delisting action
pending the hearing. The Panel approved this request.
On June 21, 2011,the Company withdrew its request
for an appeal and the Staff determination to delist the
Company became final on June 25, 2012.