SEC order: http://www.sec.gov/litigation/suspensions/2006/34-54503a-o.pdf
U.S. SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 Release No. 54503A / September 26, 2006 SECURITIES AND EXCHANGE COMMISSION SUSPENDS TRADING IN THE SECURITIES OF CHINA ENERGY SAVINGS TECHNOLOGY, INC.
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of China Energy Savings Technology, Inc. (“China Energy”), a Nevada corporation headquartered in Hong Kong, at 9:30 a.m. EDT on September 26, 2006, and terminating at 11:59 p.m. EDT on October 9, 2006.
The Commission temporarily suspended trading because questions have arisen regarding the accuracy and completeness of the information contained in China Energy’s press releases and public filings with the Commission concerning, among other things: (i) the company’s purported ownership and control of its sole asset, Shenzhen Dicken Industrial Development, a manufacturer of energy saving devices located and doing business in the People’s Republic of China; and (ii) the existence and/or identity of the company’s purported former Chairman and Chief Executive Officer, Mr. Sun Li.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to China Energy’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer, or other person has any information which may relate to this matter, they should immediately contact Kara N. Brockmeyer, Assistant Director, at (202) 551- 4767.
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