Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Keyuan Petrochemicals, Inc.
April 18 2011 - 8:45PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against Keyuan Petrochemicals, Inc.
(“Keyuan” or the “Company”) (NASDAQ:KEYP) concerning possible
violations of federal securities laws. Keyuan, operating through
its subsidiary, manufactures and distributes petrochemical products
in China.
The investigation concerns the Company’s April 1, 2011,
disclosure that the Company’s independent auditor had identified
various concerns related to unexplained issues of certain cash
transactions and recorded sales that may require adjustments to
certain of the Company’s previously issued financial statements. In
response to these disclosures, trading of the Company’s shares was
halted prior to the opening of trading on the NASDAQ on April 1,
2011.
If you purchased shares of Keyuan and still hold those shares,
if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, Toll Free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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