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

Editors Pick
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
Follow RTT