AutoChina Appeals Nasdaq Delisting Ruling

AutoChina International Limited AUTC today announced that it has made available on its investor website a letter to shareholders from its Chairman and CEO, Mr. Yong Hui Li. This letter provides additional background on the Company's efforts to file its Annual Report on Form 20-F for the year ended December 31, 2010. The letter is currently available at the “Investor Relations” section of AutoChina's website, http://www.ir-site.com/autochinaintl/. Interested parties are also welcome to contact the Company or its investor relations firm to receive a copy of the letter. AutoChina Appeals Nasdaq Delisting Ruling AutoChina today announced that the Company has appealed the ruling by the Listing Qualifications Department of The NASDAQ Stock Market LLC that the Company's securities be delisted from Nasdaq. The Company requested an oral hearing to appeal the determination. In accordance with Nasdaq regulations, AutoChina expects its shares will be suspended from trading on Nasdaq on October 4, 2011, and will remain suspended until Nasdaq makes a determination on the appeal. There is no assurance that the Company will succeed in its appeal of Nasdaq's delisting determination.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsManagement
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!