Chinese Auto Parts Manufacturer Submits Settlement Offer to SEC
JINZHOU, China - Wonder Auto Technology Inc., a manufacturer of automotive electrical parts, safety products, suspension products and engine accessories, submitted an offer of settlement with the Securities and Exchange Commission (SEC) to resolve an outstanding proceeding revoking it's registration of securities for failure to file periodic reports, in violation of Section 12(g) of the Securities Exchange Act of 1934. As a result, the company's registration will be revoked.
Once a de-registration order has been issued by the SEC, no member of a national securities exchange, broker, or dealer in the United States can effect any transaction in, or induce the purchase or sale of, the company's stock.
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