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guanwei recycling corp (GPRC) Snapshot

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52 Week High
03/24/14 - $3.88
52 Week Low
10/31/14 - $0.11
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guanwei recycling corp (GPRC) Details

Guanwei Recycling Corp. manufactures and distributes low density polyethylene (LDPE) and other recycled plastics products primarily in the People’s Republic of China and internationally. It imports and recycles LDPE plastic scrap material into granular plastic for use in the manufacture of various consumer products. The company’s LDPE products are used in the manufacture of chemical and functional fibers, as well as a raw material in the manufacture of shoe soles, insulation materials, fire-proofing and water-proofing materials, and foam. It also sells its products to customers in a range of industries, including shoe manufacturing, architecture and engineering products, industrial equipment and supplies, and chemical and petrochemical manufacturing. Guanwei Recycling Corp. was founded in 2005 and is based in Fuqing, the People’s Republic of China.

540 Employees
Last Reported Date: 04/14/14
Founded in 2005

guanwei recycling corp (GPRC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $116.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $77.5K
Chief Operations Manager and Director
Total Annual Compensation: $77.5K
General Manager of Workshop
Total Annual Compensation: $77.5K
Compensation as of Fiscal Year 2013.

guanwei recycling corp (GPRC) Key Developments

Guanwei Recycling Corp.(NasdaqCM:GPRC) dropped from NASDAQ Composite Index

Guanwei Recycling Corp. will be removed from the NASDAQ Composite Index.

Nasdaq To Delist Guanwei Recycling Corp

The Nasdaq Stock Market LLC ("Nasdaq") announced that it has issued a delisting notification letter to Guanwei Recycling Corp. due to the Company's failure to file its Form 10-Q for the period ended June 30, 2014, as required by Nasdaq Listing Rule 5250(c)(1). The Company has not requested review of this delisting determination and, as a result, Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting will become effective ten days after the Form 25 is filed. The Company's securities were halted because the Company failed to disclose receipt of the delisting determination.

Guanwei Recycling Receives Non-Compliance Notice From NASDAQ

Guanwei Recycling Corp. reported that it received notice from the NASDAQ Stock Market LLC (NASDAQ) that because the Company has not maintained a minimum bid price of $1.00 per share for the last 30 consecutive business days, it is not in compliance with Section 5810 of the NASDAQ Listing Rules (The "Rule"). According to the notice, the Company must regain compliance in a period of 180 calendar days, or if it does not regain compliance, it may be eligible for additional time. In order to regain compliance the Company must cure the deficiency and also meet various other requirements, as more fully described in a Form 8-K filed by the Company today with the U.S. Securities and Exchange Commission. If not, NASDAQ may determine the Company's securities are subject to delisting. The Company also states that it intends to consider all available options to regain compliance with Rule 5810, but cannot assure it will be able to regain compliance or subsequently maintain compliance with the Rule. Failure to maintain the listing on NASDAQ may have a material adverse effect on the price or liquidity of the Company's common stock.


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