Guanwei Recycling Receives Notice of Non-Compliance With

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Sep 8, 2014 at 5:45 PM

Guanwei Recycling Receives Notice of Non-Compliance With NASDAQ Listing Rules

FUQING CITY, CHINA--(Marketwired - Sep 8, 2014) - Guanwei Recycling Corp. (the "Company" or "Guanwei") ( NASDAQ : GPRC ), China's leading clean tech manufacturer of recycled low density polyethylene (LDPE), reported today the Company received notice from The NASDAQ Stock Market LLC ("Nasdaq") on August 25, 2014 that the Company was not in compliance with the Listing Rules of NASDAQ since the Company had not filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2014.

As described in more detail in a Form 8-K filed by the Company on August 26, 2014, the Company is afforded 30 calendar days to prepare and submit a plan of compliance. However, there can be no assurance that the Company will develop a plan to regain compliance, or that Nasdaq will accept such plan.

Description of Guanwei Recycling Corp.

Adhering to the highest "green" standards, Guanwei Recycling Corp. (the "Company") has generated rapid growth producing recycled low density polyethylene (LDPE) from plastic waste procured mostly in Europe. The Company sells the recycled LDPE to more than 300 customers (including over 150 active recurring customers) in more than ten different industries in China. The Company is licensed by Chinese authorities and also has been issued a Compliance Certificate by TÜV Rheinland, which issues certificates of approval for certain plastics manufacturers that meet Germany's strict environmental standards. This enables the Company to procure high quality plastic waste directly from Germany and other European countries with no middlemen, and permits highly economic production of the highest grades of LDPE. Additional information regarding Guanwei Recycling Corp. is available at www.guanweirecycling.com .

Information Regarding Forward-Looking Statements

Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.

Contacts: Richard Sun guanweirecycling@gmail.com Ken Donenfeld DGI Investor Relations kdonenfeld@dgiir.com Tel: 212-425-5700 Fax: 646-381-9727

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Tomorrowland's Shanghai Return: An Electri-Lifesaver

You know, every now and then, it's worth stepping out of the stock frenzy and diving into something as electrifying and far from the trading floor as Tomorrowland's latest Shanghai rendezvous. This ain't just any festival; it's the kind of hype that packs a punch—and frankly, it's a wild ride seeing such a spectacle set up shop in China, and sell out to boot. Partnering...

Lundbeck's Board Leadership Transitions into New Era

A Fresh Chapter for Lundbeck's Board Leadership Lundbeck is sparking some fresh boardroom energy, and it's not just business as usual. Dorothea Wenzel, who's been steering the ship, is stepping down come 2027—AGM in sight. Now, in swings Lars Fruergaard Jørgensen, ready to grab the wheel. Yeah, we've got some seasoned pharma muscles flexing here. The Before and After:...

ASTS Faces a Legal Countdown – Investors Take Note

AST SpaceMobile's Legal Tangle AST SpaceMobile, Inc. (NASDAQ:ASTS) finds itself neck-deep in legal quagmire, with a class action lawsuit looming large. Investors who snapped up ASTS securities between March 4, 2025, and July 15, 2026, have until November 13, 2026, to reckon their grievances before the courts. This is no joke, folks. If you've lost dough because of shaky...

UEG's New Advisory Board: Elevating Patient Voices

Breaking Ground with Patient Representation Today's not-so-sunny forecast from Barcelona wasn't about the weather. United European Gastroenterology (UEG) rolled out its shiny new Patient Representatives Advisory Board (PRAB) during UEG Week 2026. This isn't just another committee on a never-ending list—it's a serious platform aimed at turning patient murmurs into a...

AEVEX Faces 48-Hour Deadline for Investor Class Action

Clock Ticking on AEVEX Lawsuit Participation Ah, the twists and turns of the stock market! AEVEX Corp. (NYSE: AVEX) finds itself knee-deep in a class action lawsuit, and investors have a mere 48 hours left to make their stand as the lead plaintiff. This legal saga stems from the company's April 2026 IPO and spills into the muddy waters of securities law violations....

Faith and Resilience in China: The Legacy of the Long March

History's got chapters that stick with you, and the Long March is one of those stories that shake you to your core. It all started one October evening in 1934, when more than 86,000 soldiers from the Red Army found themselves on the banks of the Yudu River. It was a scene straight out of a novel: 800-odd boats held together with coffin boards and timber beams, all set to...

Antheia Secures $80M for Critical Medicine Onshoring

Antheia's Bold Move to Onshore Medicine Production Folks, when it comes to pharmaceuticals, it's about time someone started serious about keeping things closer to home. Antheia just landed a huge $80 million conditional commitment from the U.S. Department of War's Office of Strategic Capital. The fine print? This isn't just about building business—it's a play to secure...

Top 5 Most Recently Viewed Articles

Kodiak Gas Services Declares Q4 Dividend and Earnings Schedule

Kodiak Gas Services Declares Fourth Quarter Dividend Kodiak Gas Services, Inc. (NYSE: KGS), known commonly as Kodiak, has made an important announcement regarding its dividend for the year. The company’s board of directors has approved a cash dividend of $0.41 per share for the fourth quarter of 2024. This initiative showcases Kodiak's commitment to returning value to...

SimpliSafe Secures AVS-01 Certification for Enhanced Safety

SimpliSafe Achieves AVS-01 Certification to Boost Emergency Responses SimpliSafe, a leading name in home security systems, has once again demonstrated its unwavering commitment to enhancing public safety by achieving the Alarm Validation Scoring Standard (AVS-01) certification. This significant milestone, backed by Underwriters Laboratories (UL), positions SimpliSafe...

HomeTrust Bank Achieves National Recognition in Workplace Awards

HomeTrust's Recognition as a Top Workplace HomeTrust Bancshares, Inc. (NYSE: HTB), is proud to announce that HomeTrust Bank has recently garnered three prestigious workplace awards that set the standard in the industry. With a commitment to creating a supportive work culture, HomeTrust has secured a spot among the 2025 America’s Top 100 Most Loved Workplaces, as...

Important Updates for Fiserv Investors: Seek Legal Counsel Now

Legal Guidance for Fiserv Investors In today’s complex financial landscape, investors in Fiserv, Inc. need to stay informed about their rights and potential remedies. Rosen Law Firm, a prominent name in investor rights advocacy, emphasizes the importance of securing qualified legal representation as the deadline approaches for a significant securities class action. This...

Exciting Giveaway at the California State Fair The California State Fair has become a hub of excitement with a remarkable initiative led by Humboldt Seed Company. In a groundbreaking move, the company is donating an impressive 15,000 cannabis seeds to encourage and empower home growers across the state. This monumental giveaway highlights their commitment to supporting...