Keyuan issues shareholder notice over NASDAQ de-listing

ERJ staff report (DS)

Ningbo, China -- Keyuan Petrochemicals, Inc. said it has received a letter from NASDAQ regarding a delisting of its stock following allegations of financial mis-reporting. The company will host an investors' conference call on Wednesday 13 July to put its own position.

The company also issued a statement saying that independent auditors have separately verified the accuracy of information related to the Company's 2010 sales.

Keyuan has announced plans to add SBS and S-SBR capacity at its plant in Ningbo, China

The investor call will take place at 10am Eastern time tomorrow (Wednesday), and will be webcast over the internet.

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Press release (Investor call) from Keyuan

Press release (verification of sales data) from Keyuan