Current Report Filing (8-k)
August 29 2014 - 7:31AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): August 25, 2014
GUANWEI RECYCLING CORP.
(Exact name of registrant as specified
in its charter)
Nevada |
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000-53825 |
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98-0669936 |
(State or Other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
Rong Qiao Economic Zone
Fuqing City
Fujian Province
People’s Republic of China
300500
(Address of principal executive offices)
Registrant’s telephone number,
including area code: (86-591) 8536-6197
(Former Name or Former Address if Changed
Since Last Report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Item 3.01 Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing.
On August 25, 2014, Guanwei Recycling
Corp. (the “Company”) received notice (the “Notice”) from The NASDAQ Stock Market LLC (“Nasdaq”)
that the Company is not in compliance with the Listing Rules of Nasdaq (the “Listing Rules”) since the Company had
not filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 (“Filing”). The Company is afforded
30 calendar days to prepare and submit a plan of compliance.
In determining whether to accept the Company’s plan,
Nasdaq will consider such things as the likelihood that the Filing, along with any subsequent periodic filing that will be due,
can be made within the 180 day period, the Company’s past compliance history, the reasons for the late Filing, other corporate
events that may occur within our review period, the Company’s overall financial condition and its public disclosures. If
Nasdaq accepts the Company’s plan, it can grant an extension of up to 180 calendar days from the Filing’s due date
or until February 17, 2015 to regain compliance. If Nasdaq were not to accept the Company’s plan, the Company would have
the opportunity to appeal that decision to a Hearings Panel.
The Company intends to consider all available options to
regain compliance with the requirements of the Listing rules. There can be no assurance that the Company will develop a plan to
regain compliance, that Nasdaq will accept such plan, that any such plan will be successful, that the Company will appeal any determination
by Nasdaq to reject the plan, that Nasdaq will grant any such appeal, or that the Company will be able to regain or subsequently
maintain compliance with the requirements for continued listing under the Listing Rules. Failure to maintain listing on Nasdaq
of the Company’s common stock may have a material adverse effect on the price or liquidity of the common stock.
SIGNATURE PAGE
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: August 29, 2014
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GUANWEI RECYCLING CORP. |
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By: |
/s/ Min Chen |
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Name: |
Min Chen |
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Title: |
Chief Executive Officer |
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