Reply from SEC
Dear Mr. XXXX:
Thank you for contacting the U.S. Securities and Exchange Commission.
On March 11, 2011, NASDAQ halted trading in China MediaExpress Holdings, Inc. (CCME) pending additional information requested by the NASDAQ Stock Market (“Nasdaq”) (Code T12). On March 14, 2011, CCME announced the resignation of its CFO, that it would delay the release of its fourth quarter earnings release and that it would not file its Form 10-K with the SEC by March 16, 2011, its original due date. On March 21, 2011, CCME announced that Nasdaq had sent the company a letter stating that Nasdaq was exercising its discretionary authority under Listing Rule 5101 to require CCME to submit a plan of compliance regarding the filing of its Form 10-K not later than March 31. 2011. On April 4, 2011, CCME announced that Nasdaq had sent the company a letter stating that Nasdaq was exercising its discretionary authority under Listing Rule 5101 to suspend the company’s common stock from trading on Nasdaq effective the opening of business on April 12, 2011, subject to the company’s right to appeal such determination to a hearing panel not later than April 8, 2011. As of April 22, 2011, trading in CCME’s common stock is still suspended.
Thank you for communicating your views.
Sincerely,
Margaret Marrero
Attorney
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
(800) 732-0330
www.sec.gov
