Latest Liandi Clean Tech (LNDT) Headlines Lia
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Posted On: 03/10/2014 11:09:46 AM
Latest Liandi Clean Tech (LNDT) Headlines
LianDi Clean Technology Inc. Announces Filing of Form 15 to Deregister Its Common Stock
PR Newswire - Wed Dec 04, 7:30AM CST
LianDi Clean Technology Inc. (OTCPink: LNDT) ("LianDi" or the "Company") announced that it filed a notice of termination of registration on Form 15 with the U.S. Securities and Exchange Commission (the "SEC") to deregister its Common Stock from the reporting requirements of the Securities Exchange Act of 1934 (the "Exchange Act") on December 3, 2013. The Company has approximately 118 shareholders of record at this time.
LianDi Clean Technology Inc. Announces Intent to Voluntarily Deregister Its Common Stock
PR Newswire - Fri Nov 15, 5:30AM CST
LianDi Clean Technology Inc. (OTCPink: LNDT) ("LianDi" or the "Company") announced its intent to voluntarily deregister its Common Stock from the reporting requirements of the Securities Exchange Act of 1934 (the "Exchange Act") by filing a Form 15 with the U.S. Securities and Exchange Commission (the "SEC"). The Company anticipates filing the Form 15 with the SEC on or about December 2, 2013. The Company's Chairman Mr. Jianzhong Zuo, stated that the Board's decision to deregister its securities was made after careful and thorough consideration of the advantages and disadvantages of continuing registration and the continuing costs and demands on management time arising from compliance with SEC, Sarbanes-Oxley and other regulatory requirements. LianDi is eligible to deregister its securities because it has fewer than 300 holders of record. The Board of Directors believes the accounting, legal and administrative savings associated with deregistration, both in terms of cost and in time, are in the best interests of shareholders and the Company. For LianDi's size and the thinly-traded nature of its stock, the Board believes the financial and management burden is disproportionate to the benefits of maintaining its registered status. In light of current and expected future regulatory requirements, including requirements resulting from the Sarbanes-Oxley Act, LianDi estimates that it may realize ongoing annual savings of approximately $500,000 in addition to any indirect cost savings. LianDi also expects that management will be able to better focus its attention and resources on continuing to improve operations and enhancing shareholder value.
LianDi Clean Technology Inc. Announces Filing of Form 15 to Deregister Its Common Stock
PR Newswire - Wed Dec 04, 7:30AM CST
LianDi Clean Technology Inc. (OTCPink: LNDT) ("LianDi" or the "Company") announced that it filed a notice of termination of registration on Form 15 with the U.S. Securities and Exchange Commission (the "SEC") to deregister its Common Stock from the reporting requirements of the Securities Exchange Act of 1934 (the "Exchange Act") on December 3, 2013. The Company has approximately 118 shareholders of record at this time.
LianDi Clean Technology Inc. Announces Intent to Voluntarily Deregister Its Common Stock
PR Newswire - Fri Nov 15, 5:30AM CST
LianDi Clean Technology Inc. (OTCPink: LNDT) ("LianDi" or the "Company") announced its intent to voluntarily deregister its Common Stock from the reporting requirements of the Securities Exchange Act of 1934 (the "Exchange Act") by filing a Form 15 with the U.S. Securities and Exchange Commission (the "SEC"). The Company anticipates filing the Form 15 with the SEC on or about December 2, 2013. The Company's Chairman Mr. Jianzhong Zuo, stated that the Board's decision to deregister its securities was made after careful and thorough consideration of the advantages and disadvantages of continuing registration and the continuing costs and demands on management time arising from compliance with SEC, Sarbanes-Oxley and other regulatory requirements. LianDi is eligible to deregister its securities because it has fewer than 300 holders of record. The Board of Directors believes the accounting, legal and administrative savings associated with deregistration, both in terms of cost and in time, are in the best interests of shareholders and the Company. For LianDi's size and the thinly-traded nature of its stock, the Board believes the financial and management burden is disproportionate to the benefits of maintaining its registered status. In light of current and expected future regulatory requirements, including requirements resulting from the Sarbanes-Oxley Act, LianDi estimates that it may realize ongoing annual savings of approximately $500,000 in addition to any indirect cost savings. LianDi also expects that management will be able to better focus its attention and resources on continuing to improve operations and enhancing shareholder value.
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