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Stock Market & Financial Investment News

News Breaks
October 4, 2011
05:27 EDTAUTCAutoChina announces Nasdaq appeal hearing date scheduled for Nov. 10
AutoChina International announced the scheduling of its oral appeal hearing with the Listing Qualifications Department of The NASDAQ Stock Market LLC, which previously notified the company of its determination that the company's common stock would be delisted from Nasdaq. The hearing has been scheduled for Nov. 10. AutoChina also announced that its request for an extension of the stay of the suspension of its shares from trading on Nasdaq has been denied, and therefore beginning with the opening of the stock market on Oct. 4, the company’s shares will be suspended from trading on Nasdaq and are expected to trade on the OTC pink sheets market. The company is working closely with its advisors to seek all appropriate means to expedite the process of filing its Form 20-F and regain compliance with Nasdaq prior to the hearing date.
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