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As of 8:10 PM 07/16/14 All times are local (Market data is delayed by at least 15 minutes).

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new dragon asia corp (NDAC) Details

New Dragon Asia Corp., together with its subsidiaries, engages in the milling, sale, and distribution of flour and related products to retail and wholesale customers. The company produces and markets wheat flour for use in breads, dumplings, noodles, and confectionary products; and provides various instant noodle products, such as packet noodles for home preparation, and snacks and cup noodles for outdoor convenience. It also offers soybean-derived products, such as soybean protein powder and soybean powder to food and beverage producers. The company sells its products to stores and supermarkets under the Long Feng brand name through distributors in the People’s Republic of China. New Dragon Asia also exports its noodles to South Korea, Australia, Malaysia, and Indonesia. The company was founded in 1999 and is headquartered in Longkou, the People’s Republic of China.

1,500 Employees
Last Reported Date: 11/8/11
Founded in 1999

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new dragon asia corp (NDAC) Key Developments

SEC Orders Hearings On Registration Suspension Or Revocation Against New Dragon Asia For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of New Dragon Asia Corp. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.


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