The Rosen Law Firm Announces Investigation of Securities Claims against Qiao Xing Universal Resources, Inc. – XING

NEW YORK--(BUSINESS WIRE)--

The Rosen Law Firm, P.A. announces that it is investigating potential securities claims against Qiao Xing Universal Resources, Inc. XING (“Qiao Xing” or “Company”). On April 16, 2012 trading in Qiao Xing's securities was halted.

On April 20, 2012, Qiao Xing announced the commencement of an internal investigation by the Company's audit committee concerning a transfer of funds from a Company subsidiary's bank account to an account controlled by the Company's former Chairman, Wu Rui Lin, in June 2011. The Company also announced it would also be reviewing certain transactions involving the pledge or transfer of Company assets and to confirm cash balances of the Company's bank accounts.

The Rosen Law Firm is preparing a class action lawsuit against Qiao Xing in connection with the matters above. If you purchased Qiao Xing stock or have information that you believe may assist the firm's investigation please visit the website at http://www.rosenlegal.com. You may also contact Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or 如果您講中文，請致電張律師212-686-1060，或電郵 szhang@rosenlegal.com, 獲取該集體訴訟案件的具體信息.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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