BEIJING, Feb. 13, 2012 /PRNewswire/ -- Duoyuan Global
Water Inc. (NYSE: DGW) ("Duoyuan" or the "Company"), a leading
China-based domestic water
treatment equipment supplier, announced today that it has requested
that a Committee of the Board of Directors of NYSE Regulation, Inc.
("NYSE Regulation") review the decision by the Staff of NYSE
Regulation to commence proceedings to delist the American
Depositary Shares ("Securities") of Duoyuan Global Water Inc. (the
"Company")-- ticker symbol DGW from the New York Stock Exchange
("NYSE"). The NYSE's decision was reached because the Company
failed to file on a timely basis with the Securities and Exchange
Commission its annual report on Form 20-F for the fiscal year ended
December 31, 2010. Application to the
Securities and Exchange Commission to delist the Securities is
pending the completion of applicable procedures, including the
appeal by the Company of the NYSE Regulation staff's determination.
In the event that the appeal is successful and the Company
otherwise meets the continuing listing standards of NYSE, trading
of the Company's common stock on the NYSE would be reinstated,
although no timetable has been established as to when the Committee
of NYSE will be able to hear such an appeal.
About Duoyuan Global Water Inc.
Duoyuan Global Water Inc. is a leading China-based domestic water treatment equipment
supplier. Duoyuan's product offerings address key steps in the
water treatment process, such as filtration, water softening,
water-sediment separation, aeration, disinfection and reverse
osmosis. Duoyuan offers a comprehensive set of complementary
products across three product categories: water conservation,
including circulating water treatment; water purification; and
water reuse treatment, including wastewater treatment. The Company
has an extensive local distribution network, which provides
proximity to end-user customers and responsiveness to local market
demand. Learn more at www.duoyuan-hq.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including certain plans, expectations, goals, and
projections, which are subject to numerous assumptions, risks, and
uncertainties. These forward-looking statements may include, but
are not limited to, statements containing words such as "may,"
"could," "would," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "expects," "intends" and "future" or
similar expressions. These forward-looking statements speak only as
of the date of this press release and are subject to change at any
time. These forward-looking statements are based upon management's
current expectations and are subject to a number of risks,
uncertainties and contingencies, many of which are beyond the
Company's control that may cause actual results, levels of
activity, performance or achievements to differ materially from any
future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. The
Company's actual results could differ materially from those
contained in the forward-looking statements due to a number of
factors, including those described under the heading "Item 3. Key
Information — Risk Factors" in the Company's Annual Report on Form
20-F for the year ended December 31,
2009, filed with the Securities and Exchange Commission on
June 18, 2010, and in documents
subsequently filed.
SOURCE Duoyuan Global Water Inc.