Nasdaq Notifies Sinoenergy Corporation of Proposed Delisting
14 Ottobre 2009 - 1:20AM
PR Newswire (US)
BEIJING, Oct. 13 /PRNewswire-Asia-FirstCall/ -- Sinoenergy
Corporation (NASDAQ:SNEN), developer and operator of retail
compressed natural gas (CNG) filling stations in the People's
Republic of China and a manufacturer of CNG transport truck
trailer, CNG filling station equipment and CNG fuel conversion kits
for automobiles, today announced that, on October 9, 2009, the
Company received a notice from The Nasdaq Stock Market stating
that, because of the Company's failure to hold an annual meeting of
shareholders at which proxies were solicited, the Company is in
violation of Nasdaq's rule requiring Nasdaq- listed issuers to hold
an annual meeting of shareholders, to solicit proxies and to
provide proxy statements to Nasdaq. Because of this failure, unless
the Company files an appeal by 4:00 PM, Eastern time on October 16,
2009, the trading of the Company's common stock on Nasdaq will be
suspended at the opening of business on October 20, 2009 and Nasdaq
will make a filing with the SEC to remove the Company's common
stock from listing and registration on The Nasdaq Stock Market. The
Company intends to file an appeal of Nasdaq's determination. About
Sinoenergy Sinoenergy is a developer and operator of retail CNG
stations as well as a manufacturer of CNG transport truck trailers,
CNG station equipment, and natural gas fuel conversion kits for
automobiles, in China. In addition to its CNG related products and
services, the Company designs and manufactures a wide variety of
customized pressure containers for use in the petroleum and
chemical industries. The Company's website is
http://www.sinoenergycorporation.com/ . Information on the
Company's website or any other website does not constitute a
portion of this press release. Forward-Looking Statements This
release contains certain "forward-looking statements" relating to
the business of the Company and its subsidiaries. These forward
looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions. Such forward looking statements involve known
and unknown risks and uncertainties that may cause actual results
to be materially different from those described herein as
anticipated, believed, estimated or expected. Investors should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website ( http://www.sec.gov/ ). All
forward-looking statements attributable to the Company or to
persons acting on its behalf are expressly qualified in their
entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these
forward-looking statements. For further information, please
contact: Selina Tang IR Manager Sinoenergy Corporation Tel:
+86-10-8492-7035 x832 Email: DATASOURCE: Sinoenergy Corporation
CONTACT: Selina Tang, IR Manager of Sinoenergy Corporation,
+86-10-8492- 7035 x832, or Web Site:
http://www.sinoenergycorporation.com/
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