NEW YORK, Oct. 7, 2014 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market LLC ("Nasdaq") announced today that it has issued a delisting notification letter to Guanwei Recycling Corp. (the "Company") (Nasdaq:GPRC) due to the Company's failure to file its Form 10-Q for the period ended June 30, 2014, as required by Nasdaq Listing Rule 5250(c)(1). The Company has not requested review of this delisting determination and, as a result, Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting will become effective ten days after the Form 25 is filed.
The Company's securities were halted because the Company failed to disclose receipt of the delisting determination. For further information about the trading halt please visit: www.nasdaqtrader.com.
Nasdaq's rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: http://nasdaq.cchwallstreet.com/NASDAQTools/bookmark.asp?id=nasdaq-rule_5800&manual=/nasdaq/main/nasdaq-equityrules/.
For news and additional information about the Company, including whether the Company's securities will trade on another venue, please review the Company's public filings or contact the Company directly.
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