A-Power Receives Nasdaq Notice of Noncompliance

Symbols: APWR
Posted in: News
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A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) today announced that on September 1, 2011, it received a determination letter from the Staff of The Nasdaq Stock Market LLC.

The Nasdaq Staff indicated in its letter that the continued listing of the Company's securities on Nasdaq is no longer warranted based on certain circumstances surrounding the resignation of the Company's independent auditor, MSCM LLP, on June 26, 2011, as well as the circumstances surrounding the Company's recent director resignations. The Staff's determination is based on the authority granted to Nasdaq under Listing Rule 5101.


 
 
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