China's Pingtan in Clear with Nasdaq

MarineLink.com
Thursday, July 11, 2013

Dredging and Ocean Fishing listed firm Pingtan Marine Enterprise Ltd. (Nasdaq: PME) confirms its continued listing & compliance with all quantitative listing requirements.

Pingtan, a marine services company providing territorial sea fishing and dredging services in the People's Republic of China (PRC), has announced that the it has received a letter from the Nasdaq Listing Qualifications Panel (the "Panel") stating that it has concluded that the company has demonstrated compliance with all applicable listing requirements. Accordingly, the listing review has been closed.

Pingtan's Chairman and CEO, Mr. Xinrong Zhou, stated, "We are very pleased with the recent ruling by Nasdaq and are focused on increasing shareholder value by continuing to grow our business, delivering profitable results, and generating free cash flow.  We look forward to keeping all investors apprised of our progress."

About Pingtan
Pingtan is a marine enterprises group, engaging in dredging services and ocean fishing through two wholly-owned subsidiaries, China Dredging Group, or CDGC, and Merchant Supreme, and their respective PRC operating subsidiaries, Fujian Xing Gang Port Service Co., Ltd., or Fujian Service, PingTan XingYi Port Service Co., Ltd., or PingTan XingYi and Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., or Pingtan Fishing.
 

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Australian Defence Minister Says Would Not Trust Submarine Firm to Build Canoe

Australia's defence minister has said he would not trust state-owned Australian Submarine Corp (ASC) "to build a canoe", fuelling expectations that most work in

Matson Raises Guam, Micronesia Rates

Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Guam/Commonwealth of the

Norwegian Buys Ship from Princess Cruises

Norwegian Cruise Line Holdings Ltd. announces fleet expansion for Oceania Cruises in 2016; Sirena to join sister ships Insignia, Regatta and Nautica   Norwegian Cruise Line Holdings Ltd.

Workboats

The Legal Consequences of 46 CFR Subchapter “M”

As the holiday season and the end of another year quickly approaches, the towing industry patiently waits for the Coast Guard to finalize the long-awaited towing vessel inspection rule.

Editorial: 75, 150 ... What’s in a Number?

It is not often that I break out the tux for my editorial picture, but this special edition dictates. I know that I should argue that all of our editions are special,

Brunswick Updates IMPACT Model Vessels

Brunswick Commercial & Government Products (BCGP) introduces 2015 model year updates to the 10-, 11- and 12-meter IMPACT models. Updates include a wider beam for more usable deck space,

Dredging

Song Thu Lays Keel for New Dredger

The construction of a new vessel of dredging fleet, project TSHD 2000, has been launched to the RS class in Da Nang, Vietnam. The keel laying ceremony was held

EU Funds Study into New Aberdeen Harbor

The EU's TEN-T Program will invest over $940,000 for development studies for a new harbor at Nigg Bay in Aberdeen, Scotland. The harbor is to support the existing

Boskalis Raises Full-year Profit Forecast

Q3 TRADING UPDATE - HIGHLIGHTS Good third quarter with sizable financial settlements on old projects Order book increased slightly to EUR 3.3 billion 2014

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1001 sec (10 req/sec)