SHENZHEN, China, Jan. 12, 2015 /PRNewswire/ -- Viewtran Group, Inc. (NASDAQ: VIEW) ("Viewtran" or the "Company"), a provider of medical and healthcare devices, energy saving equipment and complementary technology and engineering services in China, today announced that on January 7, 2015, the Company received a letter from the Listing Qualifications Department of The NASDAQ Stock Market LLC ("Nasdaq") stating that Nasdaq's staff (the "Staff") had determined that Viewtran is not in compliance with Listing Rule 5250(c)(2) (the "Rule"), which requires that the Company file its six-month financial information with the SEC on a Form 6-K by no later than six months after the end of the Company's second fiscal quarter.
The Company has until March 9, 2015 to submit a plan to regain compliance. If the Staff accepts the Company's plan to regain compliance, the Staff can grant an extension of up to 180 calendar days from December 31, 2014 for the Company to demonstrate compliance. The Company is currently working on its six months financial statements for filing as soon as possible.
About Viewtran Group, Inc.:
Viewtran Group, Inc. (Nasdaq: VIEW) is a provider of medical and healthcare devices, energy saving equipment and complementary technology and engineering services in China.
Safe Harbor Statement:
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include statements about our proposed discussions related to our business or growth strategy, which are subject to change. Such information is based upon expectations of our management that were reasonable when made, but may prove to be incorrect. All such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. For further descriptions of other risks and uncertainties, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 20-F, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at www.sec.gov.
SOURCE Viewtran Group, Inc.