Double Arrow Rubber completes underlying asset’s evaluation
Zhejiang Double Arrow Rubber Co.,Ltd. announced on June 27th that the company’s stock stopped trading since June 27th 2014.
The Company is planning for a private issuing of shares, and funding finance to purchase underlying asset. To avoid extraordinary fluctuation of the Company’s stock price and to protect the shareholders’ benefits, according to the provisions of Shenzhen Stock Exchange Stock Listing Rules.
The agent has completed underlying asset’s investigation and evaluation, according to Double Arrow Rubber’s announcement.
The Company applied and was approved to suspend the stock transaction since May 29,2014. It will be restored as soon as related affairs were determined and disclosed.
The company released related progress on May 30, June 6, June 13 and June 20 respectively.
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