Tell us what you think about the new Article Page. Send us feedback
Nasdaq warns Sinoenergy of possible delisting
Nasdaq warns Sinoenergy of possible delisting over failure to hold shareholder meeting
NEW YORK (AP) -- Sinoenergy Corp., which operates natural gas filling stations in China, said the Nasdaq Stock Market has warned it could remove the company's shares from trading because it failed to hold a shareholder meeting.
Sinoenergy said it planned to appeal Nasdaq's ruling. The company faces a deadline Friday for appealing or facing suspension of trading in its shares next Tuesday.
The company said it got a letter last Friday from Nasdaq warning of the proposed delisting.
Nasdaq said Sinoenergy is in violation of an exchange rule requiring companies to hold annual shareholder meetings, solicit proxies and provide proxy statements to Nasdaq.
Sinoenergy shares fell a penny to $1.81 in afternoon trading.
Related Headlines
- Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Sinoenergy Corporation - Business Wire
- Nasdaq warns Sinoenergy of possible delisting - AP
- Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Sinoenergy Corp. - SNEN - Business Wire
- SINOENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Notice of Delisting or Failure to Sat - EDGAR Online
- Nasdaq Notifies Sinoenergy Corporation of Proposed Delisting - PR Newswire
Top Stories
Tech Ticker Recent Posts
Add Alert Copyright © 2009 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.