0001013762-11-001810.txt : 20110624 0001013762-11-001810.hdr.sgml : 20110624 20110623204630 ACCESSION NUMBER: 0001013762-11-001810 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110617 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110624 DATE AS OF CHANGE: 20110623 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Cavico Corp CENTRAL INDEX KEY: 0001376742 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700] IRS NUMBER: 000000000 FISCAL YEAR END: 0819 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34461 FILM NUMBER: 11928854 BUSINESS ADDRESS: STREET 1: 17011 Beach Blvd STREET 2: Ste 1230 CITY: Huntington Beach STATE: CA ZIP: 92647 BUSINESS PHONE: 7148435456 MAIL ADDRESS: STREET 1: 17011 Beach Blvd STREET 2: Ste 1230 CITY: Huntington Beach STATE: CA ZIP: 92647 8-K 1 form8k.htm CAVICO CORP. FORM 8K form8k.htm
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

Date of Report (Date of earliest reported): June 17, 2011

CAVICO CORP.
 
(Exact name of registrant as specified in charter)
 
 Delaware
 0-52870
 20-4863704
 (State or Other Jurisdiction of
 (Commission File Number)
 (IRS Employer
 Incorporation or Organization)  
 
 Identification No.)
 
17011 Beach Blvd., Suite 1230,
          Huntington Beach, California             92647    
 (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (714) 843-5456

Copies to:

Peter DiChiara, Esq.
RICHARDSON & PATEL LLP
750 Third Avenue, 9th Floor
New York, New York 10017
Phone: (646) 755-7391
Fax: (917) 591-6898

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
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Item 3.01.
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
 
On June 17, 2011, Cavico Corp. (the “Company”) received a letter (“Letter”) from The NASDAQ Stock Market (“NASDAQ”) notifying the Company that it no longer meets the NASDAQ’s continued listing requirement under Listing Rule 5450(a)(1),in that the Company’s common stock has traded below $1.00 per share for 30 consecutive business days.
 
The notification letter states that the Company will be afforded 180 calendar days, or until December 14, 2011, to regain compliance with the minimum bid price continued listing requirement. To regain compliance, the closing bid price of the common stock must meet or exceed $1.00 per share for a minimum of 10 consecutive business days. If the Company does not regain compliance by December 14, 2011, NASDAQ will provide written notification to the Company that its securities are subject to delisting. During this time, the Company will continue to monitor the closing bid price for its common stock and consider its available options to regain compliance with the NASDAQ minimum bid price requirement.
 
As previously reported, the Company received a letter from NASDAQ notifying the Company stating that because the Company failed to file its Form 10-Q for the period ended March 31, 2011, on or before its due date, and because the Company remains delinquent in filing Form 10-K for the period ended December 31, 2010, on or before its due date, it is not in compliance with NASDAQ Marketplace Rule 5250(c)(1), which requires that a listed company timely file periodic financial reports with the U.S. Securities and Exchange Commission as a condition to continued listing of its securities.
 
A copy of the press release issued by the Company on June 23, 2011, disclosing receipt of the Letter is included in this report as Exhibit 99.1.
 
 
Item 9.01
Financial Statements and Exhibits.
 
(d)
Exhibits.
 
The following exhibits are filed as part of this report:
 
     
 
Exhibit No.
 
  
 
Exhibit Description
 
99.1
  
Press Release dated June 23, 2011.
 

 
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
CAVICO CORP.
 
       
Date: June 23, 2011   
By:
/s/ Ha Quang Bui
 
   
Ha Quang Bui
 
   
Chairman of the Board, President and Chief Executive Officer
 
       

 
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EX-99.1 2 ex991.htm EXHIBIT 99.1 ex991.htm
Exhibit 99.1
Cavico Corp. Receives NASDAQ Notice
 
HANOI, Vietnam, June 23, 2011 (GLOBE NEWSWIRE) -- Cavico Corp. (Nasdaq: CAVO) ("Cavico" or the "Company"), a major infrastructure civil engineering design and construction conglomerate based in Vietnam, today announced that it received on the Company received a letter from The Nasdaq Stock Market indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule") because the closing bid price per share of its common stock has been below $1.00 per share for 30 consecutive trading days. The Nasdaq letter was issued in accordance with standard Nasdaq procedures. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company will be provided with 180 calendar days, or until December 14, 2011, to regain compliance with the Bid Price Rule. To regain compliance with the Bid Price Rule, the closing bid price of the Company's common stock must remain at $1.00 per share or more for a minimum of 10 consecutive trading days.
 
As previously reported, the Company received a letter from NASDAQ notifying the Company stating that because the Company failed to file its Form 10-Q for the period ended March 31, 2011, on or before its due date, and because the Company remains delinquent in filing Form 10-K for the period ended December 31, 2010, on or before its due date, it is not in compliance with NASDAQ Marketplace Rule 5250(c)(1), which requires that a listed company timely file periodic financial reports with the U.S. Securities and Exchange Commission as a condition to continued listing of its securities.
 
About Cavico Corp.
 
Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings. Cavico is also making investments in hydropower facilities, cement production plants, mineral exploration and urban developments in Vietnam. The company employs more than 3,000 employees on projects worldwide, with offices throughout Vietnam and a satellite office in Australia. The Company now has three subsidiaries, Cavico Mining (HSX:MCV), Cavico Industry & Mineral (HNX:CMI), and Cavico Construction Manpower & Services (HNX:CMS), which are listed in Vietnam on the Ho Chi Minh and Hanoi Stock Exchanges.
 
Founded in 2000, Cavico is a major infrastructure construction, infrastructure investment and natural resources conglomerate headquartered in Hanoi, Vietnam. Cavico is highly respected for its core competency in the construction of mission-critical infrastructure including hydroelectric plants, highways, bridges, tunnels, ports and urban community developments. One of the Company's primary competitive advantages is its ability to nurture a project "from concept through completion" with a vertical portfolio of interrelated investment, permitting, design, construction management and facility maintenance services. Cavico's project partners include top multi-national corporations and government organizations. The Company employs more than 3,000 full-time, part-time, and seasonal workers. For more information, visit http://www.cavicocorp.com. Information on the Company's Web site or any other Web site does not constitute a portion of this release.
 
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
 
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to obtain the necessary financing to continue and expand operations, to market its construction services in new markets and to offer construction services at competitive pricing, the Company's ability to complete projects in the time frame specified; anticipated revenue from the projects to attract and retain management, and to integrate and maintain technical information and management information systems; the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. These statements include, without limitation, statements regarding our ability to prepare the Company for growth; the Company's planned expansions, and predictions and guidance relating to the Company's future financial performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
 
Contact:
 
Cavico Corp.
 
Timothy Pham
 
Vice President and Director
 
+1-714-843-5456
 
cavicohq@cavico.us
 
Investor Relations Contact:
 
Dave Gentry
 
RedChip Companies, Inc.
 
800-733-2447, Ext. 104
 
407-644-4256, Ext. 104
 
info@redchip.com