John Malone, the partner who heads up SEC reporting and compliance for Malone Bailey, wasn't immediately available Friday for comment. Yet another company, China Century Dragon ( CDM), whose stock started trading in the U.S. only last month, received a notice from the NYSE on Monday saying that the exchange was "evaluating both the need for certain public disclosure, as well as the overall suitability for continued listing of the Company's common stock." All three companies had shares underwritten by the Los Angeles firm WestPark Capital, an investment bank known for bringing Chinese small-caps public in the U.S. A WestPark spokesperson wasn't immediately available for comment. -- Written by Scott Eden in New York >To contact the writer of this article, click here: Scott Eden. >To follow the writer on Twitter, go to http://twitter.com/ScottEden. >To submit a news tip, send an email to: email@example.com.
Shares of Fuqi International (Nasdaq:FUQI) were gapping down Friday morning with an open price 11.1% lower than Thursday's closing price. The stock closed at $3.60 yesterday and opened today's trading at $3.20.
Shares of Fuqi International (Nasdaq:FUQI) were gapping down Thursday morning with an open price 29.5% lower than Wednesday's closing price. The stock closed at $3.90 yesterday and opened today's trading at $2.75.