Now in its seventh year, the "Chinese Securities Cup - Top 10 Chinese Listed Company
in Competitiveness and Public Confidence" has been held since 2005.
According to the Stockholm Stock Exchange's listing agreement, a listed company must immediately disclose when the Board of Directors makes a decision to convene an extraordinary general meeting.
According to the regulations of the Exchange and Clearing Operations Act, a listed company may delay disclosure of price-sensitive information if there are reasons for doing so.
As an independent listed company
, we're looking forward to continuing to develop Catena and its real estate portfolio.
Due to the death of Director Jobe, the American Stock Exchange issued a Warning Letter pursuant to Section 1009(a)(i) of the Amex Company Guide that the Company is currently out of compliance with Section 121(A)(1) which requires that each listed company
must have a majority of independent directors on its Board of Directors; with Section 121(B)(2)(a) which requires that each listed company
have an Audit Committee of at least three independent board members; and with Section 121(B)(a)(ii) which requires that each listed company
have at least one member of its audit committee who is deemed financially sophisticated.
In addition to this case the exchange stated that a listed company
is not allowed to restrict its duty to disclose information in any way that conflicts the regulations of the exchange.
com), a NASDAQ listed company that is the leading provider of input management solutions, and served as its president, CEO, and a director until its acquisition by EMC Corporation in December 2005.
a NASDAQ listed company that is the leading provider of solar heat exchangers, and three years with Price Waterhouse as a CPA.
In making that decision, the Board considered several factors, including the following: (a) the Company has a limited number of stockholders of record, (b) the costs associated with maintaining the Company's status as an AMEX listed company
are outweighed by the benefits to the Company and its stockholders, (c) the limited volume of trading of the shares has resulted in the shares not providing a practical source of capital for the Company or liquidity for its stockholders, and (d) few analysts currently cover the Company and its shares on the AMEX.
AMEX:THK) today announced that on January 27, 2006, the Company received a letter from the American Stock Exchange ("AMEX") advising the Company that, because the Company did not distribute an annual report to its shareholders for the year ended December 31, 2004, and did not hold an annual meeting of its shareholders for that year, the Company failed to comply with: (1) Section 610 of the AMEX Company Guide which requires a listed company
to submit to its shareholders a copy of its annual report no later than four months after the close of the last preceding fiscal year; and (2) Section 704 of the Company Guide which requires a listed company
to hold meetings of its stockholders annually to elect directors and to take action on other corporate matters.