Key Developments: SmartHeat Inc (HEAT.PK)

HEAT.PK on OTC Markets Group - US Other OTC and Grey Market

0.25USD
8 Apr 2014
Price Change (% chg)

$0.05 (+25.00%)
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Latest Key Developments (Source: Significant Developments)

NASDAQ Stock Market Announces Delisting Of SmartHeat Inc From Stock Market
Monday, 19 Aug 2013 04:05pm EDT 

The NASDAQ Stock Market announced that it will delist the common stock of SmartHeat Inc. SmartHeat Inc.'s stock was suspended on November 09, 2012 and has not traded on NASDAQ since that time.  Full Article

SmartHeat Inc Announces Resignation Of CFO-Form 8-K
Monday, 25 Feb 2013 09:58pm EST 

SmartHeat Inc reported in its Form 8-K that on February 20, 2013, Michael Wilhelm resigned from his position as Chief Financial Officer (CFO) and Treasurer of SmartHeat, Inc., a Nevada corporation (Company).  Full Article

The Rosen Law Firm Announces Investigation of Securities Claims Against SmartHeat Inc.
Friday, 15 Jun 2012 11:00pm EDT 

The Rosen Law Firm, P.A. announced that it is investigating potential securities claims against SmartHeat, Inc. On May 30, 2012, Heat announced the resignation of its Chairman James Jun Wang, its President and CEO Wen Sha, and several other officers. Heat also announced that, to meet 'immediate cash needs', it would take out a $1.0 million revolving line of credit at onerous rates from Mr. Wang. That same day, the NASDAQ stock market halted trading in Heat stock. The NASDAQ stock market indicated that trading would remain halted until Heat fully satisfied NASDAQ's request for further information. The Rosen Law Firm is preparing a securities class action lawsuit on behalf of Heat investors to recover investment losses.  Full Article

SmartHeat Inc. Announces Management Change-Form 8-K
Wednesday, 30 May 2012 01:02pm EDT 

SmartHeat Inc. reported in its Form 8-K that on May 25, 2012, Jun Wang, Chairman of the Board of Directors, President and Chief Executive Officer (CEO) of SmartHeat Inc., Xudong Wang, Vice President of Strategy, and Zhijuan Guo, Chief Financial Officer (CFO), resigned from their respective positions with SmartHeat Inc., the U.S. Holding company incorporated in Nevada (SmartHeat). Messrs. Jun Wang and Xudong Wang will continue in their roles with SmartHeat’s subsidiaries, while Ms. Guo resigned from all roles and responsibilities with SmartHeat and its subsidiaries. Oliver Bialowons was appointed as a Director and as President of SmartHeat on May 25, 2012, to fill the roles formerly held by James Wang.  Full Article

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