Shares of Wins Finance Holdings Inc. WINS, +118.71% ran up 92% in midday trading Wednesday, after the Beijing-based investment and asset management company said it believes it can “cure” its noncompliance with Nasdaq listing requirements with the recent addition to its board. The company disclosed late Tuesday that it had been notified by Nasdaq that because of the resignation of Shihai Wang from the company’s audit committee and board of directors, the company was no longer in compliance with the Nasdaq’s audit committee requirement for listing on the exchange. The company also said it appointed Jiyi Li to its audit committee and board. Wins said it believes the appointment of Jiyi Li “will cure this noncompliance.” Wins’s shares c…
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