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Stock Market & Financial Investment News

News Breaks
November 13, 2012
07:59 EDTGPRCGuanwei Recycling CEO: anticipate further moderate increases in selling prices
CEO Min Chen commented: "Despite the economic downturn in China we again managed to generate quarter over quarter sales growth from our increasingly diversified customer base, and saw what we believe is a key turning point in the third quarter with costs moderating as our revenues continued to grow. Looking ahead, we anticipate further moderate increases in selling prices while costs for raw materials, labor and overhead should continue to stabilize or perhaps increase slightly. With the expectation of continued long term strong demand for recycled LDPE, we remain very optimistic about our continuing growth potential in an improving economy."
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September 8, 2014
17:32 EDTGPRCGuanwei Recycling receives notice of non-compliance with NASDAQ listing rules
Guanwei Recycling Corp. reported the company received notice from The NASDAQ Stock Market on August 25 that the company was not in compliance with the listing rules of NASDAQ since the company had not filed its quarterly report on Form 10-Q for the quarter ended June 30. The company is afforded 30 calendar days to prepare and submit a plan of compliance. However, there can be no assurance that the company will develop a plan to regain compliance, or that Nasdaq will accept such plan.

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