logo
Share SHARE
FONT-SIZE Plus   Neg

American Oriental Bioengineering Gets NYSE Non-compliance Notice

American Oriental Bioengineering, Inc. (AOB) on Friday said the New York Stock Exchange has notified the company that it is not in compliance with NYSE rules due to the company's failure to timely file its Annual Report on Form 10-K with the Securities and Exchange Commission.

The company had said earlier that the annual audit of its financial statements for 2011 showed some inconsistencies and the audit committee has commenced an independent investigation into those matters.

Under NYSE rules, when a company does not comply with annual report filing requirements, the exchange allows a company an additional six months to file its annual report in order to regain compliance. In the case of the company, the annual report would be due on or before October 29.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Poultry giant Sanderson Farms has blamed the national anthem protests in National Football League for its lower sales for the fourth-quarter and full year. Sanderson Farms, which is one of the biggest chicken providers in the US, said that NFL protests involving players taking a knee during the national... Amazon would reportedly sell Google's Chromecast streaming adapter for this Christmas. The online retailer giant has banned the product from its site for the last two years and has presumably settle the issues. Though the product is not available for sale, it has listed 4K-capable Chromecast Ultra adapter. Europe's no-frills airline Ryanair recognized pilot union for a smooth holiday season ahead. The airline had a discussion with its pilots union in Britain, Germany, Italy, Spain, Ireland, Portugal to iron out the issues. The pilots working for Ryanair have been enjoying different status and many of them were reportedly not in the rolls as full timers.
comments powered by Disqus
Follow RTT