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Corgi International Limited Announces Receipt of Letter From Nasdaq Regarding its ADSs, Which Are to Be Delisted Due to Its Non-Compliance With the Minimum Ten Million Dollars Stockholder's Equity Requirement.

Publication: Business Wire
Publication Date: 12-FEB-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HONG KONG -- Corgi International Limited (Nasdaq:CRGI) today announced that it received notice on February 5, 2009 from the staff of The Nasdaq Stock Market, Inc. indicating that Corgi International Limited's ADSs are to be delisted due to its non-compliance with the minimum ten million dollars stockholder's equity requirement. In addition, the company was also notified that it currently did not meet its requirement of maintaining three independent directors, due to the recent resignation of two of its...

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