Markets
U.S. open in 64 hrs, 48 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Nasdaq warns Sinoenergy of possible delisting
AP
NEW YORK -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.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-10-14 14:58:02
COMMENTS ( 0 )