Duoyuan Printing Notified by NYSE of Trading Suspension Before April 4

Published:2021-04-25 · Industry News

China Printing Network [Font size:

nth="3" year="2011">2011

, Duoyuan Printing said the company received a notice from the New York Stock Exchange requiring its common stock to

nth="4" year="2011">2011

be suspended before the opening. After the suspension, the company's shares can still continue to trade on the over-the-counter market.

The financial expert of the company's audit committee

Everett Chui

Baker & McKenzie

has made substantial progress in the internal investigation it conducted, which is expected to conclude by the end of April, at which point the company will engage an independent auditor to complete

the documents and meet the NYSE listing requirements, so as to resume trading on the main board of the stock exchange as soon as possible.

Previously, at US Eastern Time

on the day, Duoyuan Printing received a

subpoena questioning Duoyuan Printing's submission of false financial reports, inadequate financial disclosure and the unusual dismissal of Deloitte, and investigating it over a possible securities fraud. That day, Duoyuan Printing's share price plummeted

In the year, Duoyuan Printing went public in the United States through a reverse merger.

On the day, the company received a

subpoena due to the unusual dismissal of Deloitte. In addition, the company, since

the month, has not submitted to

financial reports.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-370032.html

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