0000876661-12-000262.txt : 20120605
0000876661-12-000262.hdr.sgml : 20120605
20120605155814
ACCESSION NUMBER: 0000876661-12-000262
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20120605
DATE AS OF CHANGE: 20120605
EFFECTIVENESS DATE: 20120605
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: DUOYUAN GLOBAL WATER INC.
CENTRAL INDEX KEY: 0001465317
STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550]
IRS NUMBER: 000000000
STATE OF INCORPORATION: D8
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34380
FILM NUMBER: 12889092
BUSINESS ADDRESS:
STREET 1: NO. 3 JINYUAN ROAD
STREET 2: DAXING INDUSTRIAL DEVELOPMENT ZONE
CITY: BEIJING
STATE: F4
ZIP: 102600
BUSINESS PHONE: 8610-6021-2222
MAIL ADDRESS:
STREET 1: NO. 3 JINYUAN ROAD
STREET 2: DAXING INDUSTRIAL DEVELOPMENT ZONE
CITY: BEIJING
STATE: F4
ZIP: 102600
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
1465317
DUOYUAN GLOBAL WATER INC.
001-34380
No. 3 Jinyuan Road
Daxing Industrial Development Zone
102600
86-10-6021-2222
American Depositary Shares, each Representing two Ordinary Shares
17 CFR 240.12d2-2(b)
Edwin Mecabe
Director
2012-06-05
EX-99.25
2
dgw99.txt
NOTIFICATION OF THE REMOVAL FROM LISTING
AND REGISTRATION OF THE STATED SECURITIES
New York Stock Exchange LLC (the 'Exchange'
or the 'NYSE') hereby notifies the Securities
and Exchange Commission (the 'Commission')
of its intention to remove the entire class
of American Depositary Shares ('ADSs'),
each representing two Ordinary Shares of
Duoyuan Global Water Inc. (the 'Company')
from listing and registration on the Exchange
at the opening of business on June 18, 2012,
pursuant to the provisions of Rule 12d2-2 (b),
because, in the opinion of the Exchange, the
ADSs are no longer suitable for continued
listing and trading on the Exchange.
The Exchange is taking this action because
the Company failed to file with the Commission
by the applicable due date its annual report
on Form 20-F for the year ended December 31,
2010. The Company's stated reason for its
failure to timely file its Form 20-F was its
ongoing conduct of an internal investigation
into its accounting, corporate governance and
business practices. The Company still has not
completed that internal investigation, and it
still has not filed its annual report.
Section 802.01E of the Exchange's Listed
Company Manual provides an initial six-month
compliance period for an issuer unable to file
its annual report when due. The Company failed
to file its annual report within this initial
six-month compliance period provided by the rule.
The Rule also authorizes the Exchange, within
its discretion, to grant a second compliance
period not to exceed six months if the company
provides information sufficient to support a
conclusion that the annual report is likely to
be filed within this additional compliance period.
The Company requested an additional discretionary
six-month compliance period until June 30, 2012.
However, NYSE staff concluded that the Company
did not provide sufficient information to support
a conclusion that the Company would be in a
position to file its report by June 30, 2012,
other than its projection in its request for
review that it would complete its investigation
by March 31, 2012 and have its auditors complete
their work in time for a June 30, 2012 filing.
Consequently, the NYSE commenced delisting
proceedings against the Company.
A press release was issued on January 25, 2012,
and an announcement was made on the 'ticker'
of the Exchange at the close of the trading
session on January 25, 2012 of the suspension
and delisting of the ADSs. Similar information
was included on the Exchange's website. Trading
in the ADSs on the Exchange was suspended at the
close of the trading session on January 25, 2011.
On February 8, 2012, the Exchange received a
letter from the Company to request a hearing
before the Committee for Review (the 'Committee')
of the Board of Directors of NYSE Regulation
concerning the Staff's determination, in
accordance with Section 804.00 of the Exchange's
Listed Company Manual. Subsequently, the Company
waived its right to submit a brief in support of
its appeal and also waived its right to appear
and make an oral presentation at the May 17,
2012 hearing the Committee had scheduled for
the appeal.
On May 31, 2012, the Committee issued a decision
that affirmed the determination of the Staff of
NYSE Regulation to delist the ADSs of the Company.
Accordingly, the Exchange, having complied with all
of its procedures, is authorized to file this
application in accordance with Section 12 of the
Securities Exchange Act of 1934 and the rules
promulgated thereunder.