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Nasdaq Orders Keyuan Petrochemicals to Delist its Shares

8:39 AM MDT | July 12, 2011 | Natasha Alperowicz

Keyuan Petrochemicals (Ningbo, China), a merchant manufacturer of several petrochemical products in China, says that it has received a letter from Nasdaq requesting a delisting of its stock. Nasdaq's notification to delist the company's stock from the exchange is based on the company's inability to file audited financial statements on a timely basis, as well as issues raised by KPMG, Keyuan’s then auditors....

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