Banking, finance, and taxes
China Networks Set to Move off Pink Sheets to AMEX (CNWHF)
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China Networks (OTC:CNWHF), which went public through SPAC Analyst Acquisition, is prepared to trade again on the AMEX after being moved to the OTC Pink Sheets for failing to maintain mandatory shareholder minimums.
Investors with the company watched share and warrant values plummet 80% since China Networks, only weeks after being brought to trading, was moved in late July to the OTC Pink Sheets.
Sources familiar with the situation who addressed SPACupdate.com stated the company is now above the mandatory shareholder minimum and should soon qualify to trade on the AMEX again.
-Brought to 24/7 Wall Street by SPACupdate.com
To read more about China Networks and Alyst Acquisition, please visit www.SPACupdate.com.
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