Fuqi International Falling In Late Trading After SEC Investigation Announced (FUQI)
Symbols: FUQI
Shares of Fuqi International (NASDAQ: FUQI) are plummeting in after hours trading after the company was notified by the SEC of a formal investigation and received a subpoena from the SEC for certain documents, relating to its failure to timely file required periodic reports, as well as other matters. Ouch!
FUQI has done an Acapulco cliff dive in the after hours, falling 21.26% to $5.00.
Fuqi International, Inc. (Fuqi) is a designer of precious metal jewelry in China, developing, promoting, and selling a range of products in the Chinese luxury goods market.
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