QINGDAO, China and ROCKVILLE, Md., Oct. 11 /Xinhua-PRNewswire/ -- On October 10, 2007, Synutra International, Inc. (Nasdaq: SYUT; "Synutra"), one of China's leading manufacturers of dairy-based nutritional products for infants, children and adults, received a letter from the Nasdaq Stock Market stating that the Company's common stock is no longer subject to delisting following the filing with the SEC on October 5, 2007 of the Company's quarterly report on Form 10-Q for the period ended June 30, 2007. Upon review of the filing, the Nasdaq staff determined that Synutra meets all listing criteria and is in compliance with Nasdaq Marketplace Rule 4310(c)(14), which states that timely filing of annual and periodic reports with the SEC is required for continued listing. Accordingly, the Company's scheduled hearing before Nasdaq's Listing Qualifications Panel has been considered moot.
About Synutra International, Inc.
Synutra operates eight subsidiaries developing, producing, distributing and selling dairy-based nutritional products across the People's Republic of China. It offers its products for infants, children, adults and pregnant women and nursing mothers under the brand series of "Super," "U-Smart" and "U- Strong." The Group's extensive sales network covers 24 provinces, 264 cities and more than 1320 counties throughout China. For more information, please contact Weiguo Zhang of Synutra, Inc. (+1-301-840-3888, email@example.com), Brian Rafferty of Taylor Rafferty (+1-212-889-4350, firstname.lastname@example.org) or visit: http://www.synutra.com.
The information contained herein includes forward-looking statements.
These statements relate to future events or to our future financial
performance, and involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity, performance,
or achievements to be materially different from any future results
|SOURCE Synutra International, Inc.|
Copyright©2007 PR Newswire.
All rights reserved