China Infrastructure Inv. Corp. (fka CIIC)

[Frankiy]

Notice of Delisting or Failure to Satisfy a Continued Listing

http://biz.yahoo.com/e/111021/ciic8-k.html

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On October 17, 2011, China Infrastructure Investment Corporation (the "Company"), received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), which stated that the Nasdaq Staff has made an additional determination that the actions taken by the Company with respect to substantial loans and advances made to related parties, which actions were disclosed in a Current Report on Form 8-K and in the Company's Annual Report on Form 10-K filed on October 13, 2011, raise public interest concerns under Listing Rule 5101. The Staff has indicated that this matter serves as an additional basis for delisting the Company's securities from Nasdaq.

The Company previously disclosed in a Current Report on Form 8-K filed on September 7, 2011, the receipt of a letter (the "Letter") from Nasdaq informing the Company that Nasdaq would delist the Company's securities as a result of the Company's failure to regain compliance with Listing Rule 5550(a)(2) prior to the expiration of the relevant compliance period. On September 13, 2011, the Company formally appealed the determination to delist for failure to regain compliance with the Nasdaq bid price requirements and a hearing is scheduled for October 27, 2011 (the "Hearing").

The Company does not agree that the actions taken with respect to writing off the related party loans and accepting a controlling interest in a new asset to offset the related party loans, harmed the minority shareholders of the Company. Further the Company does not believe that such actions should have lead to a public interest concern under Listing Rule 5101. At the Hearing, the Company intends to rebut the allegations made by the Staff that the actions cause a public interest concern.