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greenstar agricultural corp (GRE) Details

GreenStar Agricultural Corporation operates as an agricultural production and processing company in the People’s Republic of China. Its agricultural division is involved in the cultivation, harvesting, canning, and selling of fruits and vegetables in the People’s Republic of China; and exporting of canned fruits and vegetables. The company’s food processing division is processes canned food, including canned tomato paste, canned boiled bamboo shoots, canned oranges, canned peaches, and other fruits and vegetables. Its products include mandarin oranges, yellow peaches, grapes, young bamboo shoots, and tomato paste. The company exports its products to various countries in Europe, Asia, the Middle East, and the United States. GreenStar Agricultural Corporation was founded in 1993 and is based in Linjiang, the People’s Republic of China.

greenstar agricultural corp (GRE) Top Compensated Officers

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Compensation as of Fiscal Year 2014.

greenstar agricultural corp (GRE) Key Developments

Siskinds LLP Announces Filing of Proposed Securities Class Action against Greenstar Agricultural Corporation

Siskinds LLP announced the commencement of a securities class action against GreenStar Agricultural Corporation (f.k.a. China Green Star Agricultural Corporation), certain of its current and former directors and officers and its former auditor. The action relates to the circumstances surrounding GreenStar's failure to complete 2013 audit procedures and the resignation of its Canadian directors and management. The action alleges that, among other things, documents released by GreenStar, including certain of its audited and unaudited financial statements and the subscription agreement for its 2014 private placement, contained material representations that were untrue. It is alleged that the defendants have liability for damages sustained by the proposed class. The action is brought to recover losses suffered by all persons, subject to certain exclusions, who held GreenStar securities on June 4, 2014.

GreenStar Agricultural Corporation Announces Executive Resignations

GreenStar Agricultural Corporation reported that the Canadian directors of the company, including Mr. Michael Newman (Executive Chairman), and the three members of the audit committee, Messrs., Bryan Knebel, Frank Galati and Bob Guo, resigned on September 25, 2014. Also resigning from the company are the three Canadian management personnel, Michael Lam (CFO), Judith Hong Wilkin (Secretary), Rose Xie (Controller) and Robert Macdonald (Manager of Corporate Development). The company's Canadian legal counsel has also provided notice that they intend to withdraw their services. The resignations are the result of a lack of co-operation, support and funding from Mr. Guan Lianyun, Chairman, CEO and President of the company, in order to complete the 2013 audit. The company also announced the resignation of Swartz, Levitsky, Feldman, the company's auditors, who advised the company that they had no forward visibility regarding the possibility of completing the 2013 audits, as they were not able to obtain the information requested from the Audit Committee's independent investigation due to reasons enumerated above. The company also advised that it had received the resignation of Investor Cubed as the company's investor relations provider.

GreenStar Agricultural Corporation, Annual General Meeting, Sep 19, 2014

GreenStar Agricultural Corporation, Annual General Meeting, Sep 19, 2014.


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