Cathay Merchant Group, Inc. Update
February 28 2007 - 2:34PM
Business Wire
Cathay Merchant Group, Inc. (AMEX: CMQ) (the �Company�) -- on
February 27, 2007, the Company received notice from the American
Stock Exchange (�Amex�) indicating that the Company is not in
compliance with Section 704 of the Amex Company Guide (the
�Guide�), which requires a listed company to hold meetings of its
shareholders annually to elect directors and take action on other
corporate matters. The Company was afforded the opportunity to
submit a plan of compliance to Amex by March 13, 2007, that
demonstrates the Company�s ability to regain compliance with
Section 704 of the Guide by May 29, 2007. If the Company does not
submit a plan or if the plan is not accepted by Amex, the Company
may be subject to delisting procedures as set forth in Section 1010
and Part 12 of the Guide.
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