0001354488-14-003154.txt : 20140624 0001354488-14-003154.hdr.sgml : 20140624 20140606162355 ACCESSION NUMBER: 0001354488-14-003154 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140601 FILED AS OF DATE: 20140606 DATE AS OF CHANGE: 20140606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Gerui Advanced Materials Group Ltd CENTRAL INDEX KEY: 0001449801 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34532 FILM NUMBER: 14896865 BUSINESS ADDRESS: STREET 1: 1 SHUANGHU DEVELOPMENT ZONE, STREET 2: XINZHENG CITY, ZHENGZHOU, CITY: HENAN PROVINCE STATE: F4 ZIP: 451191 BUSINESS PHONE: 86-371-62568634 MAIL ADDRESS: STREET 1: 1 SHUANGHU DEVELOPMENT ZONE, STREET 2: XINZHENG CITY, ZHENGZHOU, CITY: HENAN PROVINCE STATE: F4 ZIP: 451191 FORMER COMPANY: FORMER CONFORMED NAME: Golden Green Enterprises Ltd. DATE OF NAME CHANGE: 20081112 6-K 1 chop_6k.htm CURRENT REPORT chop_6k.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of June, 2014

Commission File Number: 001-34532

CHINA GERUI ADVANCED MATERIALS GROUP LIMITED
 (Exact name of registrant as specified in its charter)


1 Shuanghu Development Zone
Xinzheng City
Zhengzhou, Henan Province
China, 451191
(Address of principal executive offices)



Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.  Form 20-F x        Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  Not Applicable

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  Not Applicable

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes o         No x

If “Yes” marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82 - ______.
 
 
 

 

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, thereunto duly authorized.


 
CHINA GERUI ADVANCED MATERIALSGROUP LIMITED
 
       
Date: June 6, 2014
By:
/s/ Edward Meng  
   
Edward Meng
 
   
Chief Financial Officer
 
       

 
 

 

EXHIBIT INDEX

Exhibit
 
Description
     
 
Press release, dated June 6, 2014
 
Press release, dated June 6, 2014
EX-99.1 2 chop_ex991.htm PRESS RELEASE, DATED JUNE 6, 2014 chop_ex991.htm
Exhibit 99.1
 
China Gerui Advanced Materials Group Limited Receives Nasdaq Notification of Non-Compliance with Minimum Bid Price Rule
 
ZHENGZHOU, China, June 6, 2014 /PRNewswire-FirstCall/ -- China Gerui Advanced Materials Group Limited (NASDAQ: CHOP) ("China Gerui," or the "Company"), a leading high- precision, cold-rolled steel producer in China, today announced that on June 2, 2014, it received a written notice (the “Notice”) from the Listing Qualifications department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company is not in compliance with the minimum bid price requirement of $1.00 per share set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on The Nasdaq Global Select Market.
 
The Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00 per share and, based upon the closing bid price for the 30 consecutive business days ended May 30, 2014, the Company did not meet this requirement.  China Gerui has been provided a 180 day period in which to regain compliance.  During this period, the closing bid price of China Gerui’s ordinary share must be at least $1.00 for a minimum of ten consecutive business days to regain compliance.

In addition, following the initial 180 day period, China Gerui may be eligible for an additional 180 day period to regain compliance, subject to China Gerui, at that time, transferring its securities to The Nasdaq Capital Market and satisfying certain other requirements.

At present, China Gerui will work to regain compliance during the initial 180 day compliance period and will actively monitor its performance with respect to the listing standards.  The notification letter has no effect at this time on the listing of the Company’s ordinary shares and will continue to trade on the Nasdaq Global Select Market under the ticker symbol “CHOP.”

About China Gerui Advanced Materials Group Limited

China Gerui Advanced Materials Group Limited is a leading niche and high value-added steel processing company in China. The Company produces high-end, high-precision, ultra-thin, high- strength, cold-rolled steel products that are characterized by stringent performance and specification requirements that mandate a high degree of manufacturing and engineering expertise. China Gerui's products are not standardized commodity products. Instead, they are tailored to customers' requirements and subsequently incorporated into products manufactured for various applications. The Company sells its products to domestic Chinese customers in a diverse range of industries, including the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables. For more information, please visit http://www.geruigroup.com.

Safe Harbor Statement

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2013 and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the SEC, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
 
Company Contact:
Investor Relations Contacts:
 
Email: investors@geruigroup.com
Vivian Chen
Kevin Theiss
Website: www.geruigroup.com
Managing Director
Account Director
 
Grayling
Grayling
 
Phone: 646-284-9427
Phone: 646-284-9409
 
Email: vivian.chen@grayling.com
Email: kevin.theiss@grayling.com
 
EX-99.2 3 chop_ex992.htm PRESS RELEASE, DATED JUNE 6, 2014 chop_ex992.htm
Exhibit 99.2
 
China Gerui Advanced Materials Group Limited Announces Share Repurchase Update
 
ZHENGZHOU, China, June 6, 2014 /PRNewswire-FirstCall/ -- China Gerui Advanced Materials Group Limited (NASDAQ: CHOP) ("China Gerui," or the "Company"), a leading high- precision, cold-rolled steel producer in China, today provided an update of its share repurchase program.

As of the market close on Thursday, June 5, 2014, the Company has repurchased 2,194,201 of its ordinary shares at an average price of $2.88 per share for a total repurchase price of approximately $6.3 million.

“The continued execution of our share repurchase program reflects management’s belief that the Company is severely undervalued in the equity markets and considers the execution of the share repurchase to be an effective use of near-term cash with a book value of $4.81,” commented Mr. Mingwang Lu, Chairman and Chief Executive Officer of China Gerui.  “We will continue to focus on new product introductions that will enable China Gerui to return to profitability and view share repurchases as on important element in our ongoing efforts to maximize shareholder value.”

In April 2011, the Company announced that its Board of Directors had approved a six-month share repurchase program to repurchase up to an aggregate of $10 million of its ordinary shares. The Company's Board of Directors subsequently extended the program from six months to an indefinite period or until the program is completed. The volume and timing of repurchases depend upon market conditions, share price and other factors. They are also subject to, and are intended to be in compliance with, the conditions of Rule 10b-18 under the Securities Exchange Act of 1934, as amended, or the Exchange Act, blackout periods that restrict repurchases at certain times in compliance with Section 10(b) and Rule 10b-5 of the Exchange Act, and other relevant rules and regulations under the U.S. securities laws.

About China Gerui Advanced Materials Group Limited

China Gerui Advanced Materials Group Limited is a leading niche and high value-added steel processing company in China. The Company produces high-end, high-precision, ultra-thin, high- strength, cold-rolled steel products that are characterized by stringent performance and specification requirements that mandate a high degree of manufacturing and engineering expertise. China Gerui's products are not standardized commodity products. Instead, they are tailored to customers' requirements and subsequently incorporated into products manufactured for various applications. The Company sells its products to domestic Chinese customers in a diverse range of industries, including the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables. For more information, please visit http://www.geruigroup.com.

Safe Harbor Statement

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2013 and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the SEC, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
 
Company Contact:
Investor Relations Contacts:
 
Email: investors@geruigroup.com
Vivian Chen
Kevin Theiss
Website: www.geruigroup.com
Managing Director
Account Director
 
Grayling
Grayling
 
Phone: 646-284-9427
Phone: 646-284-9409
 
Email: vivian.chen@grayling.com
Email: kevin.theiss@grayling.com