NEW YORK ( TheStreet) -- The troubled Chinese reverse-merger company Fuqi International (FUQI), long under investigation by the Securities and Exchange Commission, announced Friday that Nasdaq will likely delist its stock, demoting the equity to the Pink Sheets.Fuqi has failed to file a financial report with the SEC since the September quarter of 2009. It had also been attempting to restate results for that quarter as well as the previous two.
Nasdaq to Delist China RTO Fuqi International
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