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The Company was notified by NASDAQ that it is not in compliance with the $1 stock price listing requirement for NASDAQ and that the Company has until September 6, 2011 to correct the issue. If it is not corrected timely or the Company is unsuccessful in an appeals process, the Company could be delisted from the NASDAQ exchange. The Company has communicated with NASDAQ that it has full intention to take the necessary timely steps to ensure that the Company's stock price will comply with the $1 requirement including effectuating a reverse stock split if necessary.
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CIIC unbewertete, geshortete Chinaperle
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CIIC News!
China Infrastructure Investment Corporation to Hold Board Meeting
The board of directors of China Infrastructure Investment Corporation (NASDAQ: CIIC) announced today that it will hold a meeting to review the evaluation of the pending new asset proposed by the Company's majority shareholder as the partial repayment for the related party loans and to review the write-off of related party loans process.
CIIC, incorporated in Nevada, USA and headquartered in Henan Province, China, focuses on investing, constructing, operating and managing infrastructure development projects in China. The Company currently operates the Pinglin Expressway, a 106-kilometer (66 miles) dual carriageway four-lane toll road in the central province of Henan. The Expressway is an important passage from the northwest region to the southeast coastal region of China.
On July 11, 2011, the Company filed an 8-K indicating the write-off of related party loans and a new asset injection proposed by majority shareholder. Since then, the audit committee and the board contracted an international assets appraisal firm based in Hong Kong to conduct independent evaluation of the new asset. The board will review the outcome of this evaluation.
The board and the audit committee will also review the related party loan write-off process conducted by the Company's management and is being audited by the Company's auditor.
The board will also discuss possible measurement the Company will take to comply the minimum $1 trading price requirement of NASDAQ Stock Market, including options of requesting extension of compliance period, shares buy back and conducting shares reverse split.
In addition, the board will review the recommendation submitted by newly appointed Chief Financial Officer Mr. Li Lei on revised internal control policies and procedures to ensure sound financial management and to secure shareholder's interest.
The board will disclose the outcome of the meeting immediately upon the conclusion of the meeting.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive conditions and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of construction, financing costs and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. No securities regulatory authority has either approved or disapproved the contents of this news release.
Investors Relation Contact:
Mr.Wang Feng
Corporate Secretary
Room D, 2F, Building 12,
Xinxin Huayuan, Jinshui Road,
Zhengzhou, Henan Province
The People's Republic of China
Tel: +86-371-6826-1839
Fax: +86-371-6826-1839
China Infrastructure Investment Corporation to Hold Board Meeting
The board of directors of China Infrastructure Investment Corporation (NASDAQ: CIIC) announced today that it will hold a meeting to review the evaluation of the pending new asset proposed by the Company's majority shareholder as the partial repayment for the related party loans and to review the write-off of related party loans process.
CIIC, incorporated in Nevada, USA and headquartered in Henan Province, China, focuses on investing, constructing, operating and managing infrastructure development projects in China. The Company currently operates the Pinglin Expressway, a 106-kilometer (66 miles) dual carriageway four-lane toll road in the central province of Henan. The Expressway is an important passage from the northwest region to the southeast coastal region of China.
On July 11, 2011, the Company filed an 8-K indicating the write-off of related party loans and a new asset injection proposed by majority shareholder. Since then, the audit committee and the board contracted an international assets appraisal firm based in Hong Kong to conduct independent evaluation of the new asset. The board will review the outcome of this evaluation.
The board and the audit committee will also review the related party loan write-off process conducted by the Company's management and is being audited by the Company's auditor.
The board will also discuss possible measurement the Company will take to comply the minimum $1 trading price requirement of NASDAQ Stock Market, including options of requesting extension of compliance period, shares buy back and conducting shares reverse split.
In addition, the board will review the recommendation submitted by newly appointed Chief Financial Officer Mr. Li Lei on revised internal control policies and procedures to ensure sound financial management and to secure shareholder's interest.
The board will disclose the outcome of the meeting immediately upon the conclusion of the meeting.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive conditions and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of construction, financing costs and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. No securities regulatory authority has either approved or disapproved the contents of this news release.
Investors Relation Contact:
Mr.Wang Feng
Corporate Secretary
Room D, 2F, Building 12,
Xinxin Huayuan, Jinshui Road,
Zhengzhou, Henan Province
The People's Republic of China
Tel: +86-371-6826-1839
Fax: +86-371-6826-1839
Der Bruch der $0.70 ist morgen sehr wichtig.
Schlusskurs heute $0.61
Schlusskurs heute $0.61
$1 sehen wir morgen zu 100% - werde dort anfangen die ersten 50% meiner Positionen zu verkaufen!
Schlusskurs $0.80 - Shorties konnten den Wert heute noch unter einem Dollar im Tagesverlauf halten. Sollten morgen die heiß ersehnten Buyback News kommen , dann wird die Subdollar Range der Vergangenheit angehören!
CIIC Buyback-News!
China Infrastructure Investment Corporation Held Board Meeting on August 31, 2011
The board of directors of China Infrastructure Investment Corporation (NASDAQ: CIIC) held a meeting today to review the evaluation of the pending new asset proposed by company's majority shareholder as partial repayment for the related party loans and to review the write-off of related party loans process. The board also reviewed the revised internal control policies and procedures proposed to the board by the Company's management.
CIIC, incorporated in Nevada, USA and headquartered in Henan Province, China, focuses on investing, constructing, operating and managing infrastructure development projects in China. The Company currently operates the Pinglin Expressway, a 106-kilometer (66 miles) dual carriageway four-lane toll road in the central province of Henan. The Expressway is an important passage from the northwest region to the southeast coastal region of China.
As indicated in the 8-K filed on July 11, 2011, the Company plans to resolve the related-party loans by writing off these loans and, at the same time, injecting a new asset proposed by the majority shareholder as a partial offset. The board reviewed the preliminary audit results prepared by the Company's auditor and the appraisal results of the intended new asset provided by an international asset appraisal company based in Hong Kong. The board also discussed details of the related party loan write-off process as well as the implementation of the new asset injection proposed by the Company's management.
Also during the meeting, the board reviewed the recommendations submitted by the Company's management on revised internal control policies and procedures to ensure sound financial management and to secure shareholder's interest. The board acknowledged the management's effort to improve corporate governance at the Company.
In addition, the board also discussed proposal of shares buy back and shares reverse split in order to comply the minimum $1 trading price requirement of NASDAQ Stock Market. The board understood the management's reasoning that the current share price did not reflect the fair value of Company's stock. [color=red][b]The board agreed to give the management authorization to implement a share buy-back at its discretion.[/color]
[/b]
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive conditions and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of construction, financing costs and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
No securities regulatory authority has either approved or disapproved the contents of this news release.
Investor's Relation Contact:
Mr. Wang Feng
Corporate Secretary
Room D, 2F, Building 12,
Xinxin Huayuan, Jinshui Road,
Zhengzhou, Henan Province
The People's Republic of China
Tel: +86-371-6826-1839
Fax: +86-371-6826-1839
China Infrastructure Investment Corporation Held Board Meeting on August 31, 2011
The board of directors of China Infrastructure Investment Corporation (NASDAQ: CIIC) held a meeting today to review the evaluation of the pending new asset proposed by company's majority shareholder as partial repayment for the related party loans and to review the write-off of related party loans process. The board also reviewed the revised internal control policies and procedures proposed to the board by the Company's management.
CIIC, incorporated in Nevada, USA and headquartered in Henan Province, China, focuses on investing, constructing, operating and managing infrastructure development projects in China. The Company currently operates the Pinglin Expressway, a 106-kilometer (66 miles) dual carriageway four-lane toll road in the central province of Henan. The Expressway is an important passage from the northwest region to the southeast coastal region of China.
As indicated in the 8-K filed on July 11, 2011, the Company plans to resolve the related-party loans by writing off these loans and, at the same time, injecting a new asset proposed by the majority shareholder as a partial offset. The board reviewed the preliminary audit results prepared by the Company's auditor and the appraisal results of the intended new asset provided by an international asset appraisal company based in Hong Kong. The board also discussed details of the related party loan write-off process as well as the implementation of the new asset injection proposed by the Company's management.
Also during the meeting, the board reviewed the recommendations submitted by the Company's management on revised internal control policies and procedures to ensure sound financial management and to secure shareholder's interest. The board acknowledged the management's effort to improve corporate governance at the Company.
In addition, the board also discussed proposal of shares buy back and shares reverse split in order to comply the minimum $1 trading price requirement of NASDAQ Stock Market. The board understood the management's reasoning that the current share price did not reflect the fair value of Company's stock. [color=red][b]The board agreed to give the management authorization to implement a share buy-back at its discretion.[/color]
[/b]
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive conditions and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of construction, financing costs and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
No securities regulatory authority has either approved or disapproved the contents of this news release.
Investor's Relation Contact:
Mr. Wang Feng
Corporate Secretary
Room D, 2F, Building 12,
Xinxin Huayuan, Jinshui Road,
Zhengzhou, Henan Province
The People's Republic of China
Tel: +86-371-6826-1839
Fax: +86-371-6826-1839
ding, ding, ding!
heute payday (profits) key? :-) congrats!!!
heute payday (profits) key? :-) congrats!!!
hat es mit dieser aktie auf sich?
ist schon seit tagen ein selbstläufer......................
was macht diese ag?
ist schon seit tagen ein selbstläufer......................
was macht diese ag?
ding, ding, ding!
heute payday für die andere Hälfte key? congrats!!!
heute payday für die andere Hälfte key? congrats!!!
sich schon auskennen in übersee um solche teile aufzutun....
hut ab ihr 2 hier im thread interessant.............das teil
hut ab ihr 2 hier im thread interessant.............das teil
die Ehre gebührt thekey... siehe seine frühen postings und ordentliche Zusammenstellung! Hut ab, auch von mir...
aber da wo du auch auftauchst schaut man dann doch auch extra noch mal hin..........
du kennst dich ja mit den ami teilen scheinbar auch sehr gut aus.......
für mich ein rotes tuch,fürs trader spiel oder zu studieren aber nix für meine depots...
zu wenig ahnung und recherche möglichkeiten für mich.....
aber sehr interessant............
du kennst dich ja mit den ami teilen scheinbar auch sehr gut aus.......
für mich ein rotes tuch,fürs trader spiel oder zu studieren aber nix für meine depots...
zu wenig ahnung und recherche möglichkeiten für mich.....
aber sehr interessant............
Schlußkurs $1.05 und das war auch gleichzeitig das Tageshoch.
Nächster Widerstand $1.10
Vergeßt nicht auf dem Weg nach oben ein paar Aktiengewinne mitzunehmen....
Gruß
thekey
Nächster Widerstand $1.10
Vergeßt nicht auf dem Weg nach oben ein paar Aktiengewinne mitzunehmen....
Gruß
thekey
CIIC has to trade 10 days in a row above $1.00 to regain nasdaq compliance.The deadline for that is set for Sept. 6th 2011.
CIIC might file a requesting extension of compliance period.
I guess we gonna trade above a Dollar until Fri. Sept. 16th supported by the companies buyback programm.
On Sept. 19th I am expecting some Nasdaq news of regaining nasdaq compliance.
If the company gonna stop the bid support from that day on CIIC might fall like a stone cause of shorties once again....
CIIC might file a requesting extension of compliance period.
I guess we gonna trade above a Dollar until Fri. Sept. 16th supported by the companies buyback programm.
On Sept. 19th I am expecting some Nasdaq news of regaining nasdaq compliance.
If the company gonna stop the bid support from that day on CIIC might fall like a stone cause of shorties once again....
$1.10 , $1.32 und $1.60 sind die nächsten Widerstände bei CIIC
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| Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
5 | 83 | CIIC unbewertete, geshortete Chinaperle | thekey | thekey | 16.09.11 21:59 |
