Pharma Investments, Ventures & Law Weekly
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Grand Toys International Limited
Grand Toys Receives Staff Determination Letter From Nasdaq
July 27th, 2008
Grand Toys International Limited (NASDAQ:GRIN) (the "Company") announced that it received a Staff Determination letter on July 8, 2008 from The Nasdaq Stock Market ("NASDAQ") indicating that as NASDAQ has not received the Company's annual report on Form 20-F for the fiscal year ended December 31, 2007 (the "2007 Form 20-F"), the Company fails to comply with the filing requirement for continued listing set forth in NASDAQ Marketplace Rule 4320(e)(12), and that the Company's American Depositary Shares ("ADSs") are, therefore, subject to delisting from The Nasdaq Stock Market. As a result, the Company's ADSs will be delisted on July 17, 2008. Previously, the Company...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-27)
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