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Nasdaq to Delist Keyuan Petrochemicals Permanently

5:24 AM MDT | April 13, 2012 | Ian Young

Nasdaq has informed Keyuan Petrochemicals (Ningbo, China) that it plans to delist Keyuan's shares permanently from the Nasdaq Stock Market. Nasdaq will file a Form 25 with the U.S. SEC to complete the delisting. The delisting becomes effective 10 days after the Form 25 is filed. Keyuan's stock will continue to trade on OTC markets. Nasdaq suspended Keyuan's stock from the Nasdaq Stock Market last October because the company had failed to comply with Nasdaq accounting and internal control requirements. This included failing to complete an audit for 2010 or...

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