Current Report Filing (8-k)
September 11 2014 - 7:47AM
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): September 9, 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) |
|
(Commission File Number) |
|
(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 September 9, 2014, Guanwei Recycling
Corp. (the “Company”) received notice (the “Notice”) from The NASDAQ Stock Market LLC (“Nasdaq”)
that because the Company has not maintained a bid price of $1 per share for the last 30 consecutive business days, it was not in
compliance with Sections 5810 of the NASDAQ Listing Rules (the “Listing Rules”).
In order to maintain its listing, the
Company must regain compliance in a period of 180 calendar days. In the event the Company does not regain compliance, the Company
may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for market
value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the
bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance
period. If the Company meets these requirements, it will be granted an additional 180 calendar days. However, if it appears to
Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide
notice that the Company’s securities will be subject to delisting.
The Company intends to consider all
available options to regain compliance with Rule 5810 of the Listing Rules. However, there can be no assurance that the Company
will be able to regain or subsequently maintain compliance with the requirements of Rule 5810 of 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: September 11, 2014
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GUANWEI RECYCLING CORP. |
|
|
|
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By: |
/s/ Min Chen |
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Name: |
Min Chen |
|
Title: |
Chief Executive Officer |
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