Last $0.48 USD
Change Today -0.96 / -66.67%
Volume 29.1K
TRITF On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

tri-tech holding inc (TRITF) Snapshot

Open
$0.60
Previous Close
$1.44
Day High
$0.60
Day Low
$0.45
52 Week High
10/17/13 - $2.85
52 Week Low
04/16/14 - $0.22
Market Cap
4.1M
Average Volume 10 Days
13.3K
EPS TTM
$-0.89
Shares Outstanding
8.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TRI-TECH HOLDING INC (TRITF)

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tri-tech holding inc (TRITF) Details

Tri-Tech Holding, Inc. provides integrated solutions, products, and technologies to water resource management and environmental protection industries. The company operates in three segments: Water, Wastewater Treatment and Municipal Infrastructure; Water Resource Management System and Engineering Service; and Industrial Pollution Control and Safety. The Water, Wastewater Treatment and Municipal Infrastructure segment procures and constructs build-transfer processing equipment and processing control systems for the municipal water supply and distribution, wastewater treatment, and gray water recycling activities; and offers municipal facilities engineering and operation management services for related infrastructure construction projects. The Water Resource Management System and Engineering Service segment is involved in the system integration of proprietary and third-party hardware and software products for use in projects relating to water resource management, flood control and forecasting, irrigation systems, and similar ventures. This segment also designs systems, which track natural waterway levels for drought controlling, monitoring groundwater quality, and managing water resources and irrigation systems. The Industrial Pollution Control and Safety segment provides systematic solutions for the volatile organic compounds abatement, odor control, water and wastewater treatment, water recycling facilities design, engineering, procurement, and construction for oil, gas, petrochemical, and power industries; and safety and clean production technologies for the oil, gas exploration, and pipeline transportation. The company serves government, state-owned entities, and commercial clients primarily in the People’s Republic of China, India, North America, and the Middle East. Tri-Tech Holding, Inc. is headquartered in Beijing, the People’s Republic of China.

345 Employees
Last Reported Date: 11/19/13

tri-tech holding inc (TRITF) Top Compensated Officers

Co-Founder, Chief Executive Officer and Direc...
Total Annual Compensation: $180.0K
Co-Founder and Chairman of Board of Directors
Total Annual Compensation: $200.0K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2012.

tri-tech holding inc (TRITF) Key Developments

Tri-Tech Holding, Inc.(NasdaqCM:TRIT) dropped from NASDAQ Composite Index

Tri-Tech Holding, Inc. will be removed from the NASDAQ Composite Index.

Tri-Tech Holding Inc. Receives Non-Compliance Notice From Nasdaq

Tri-Tech Holding Inc. announced that, on April 2, 2014, it received a letter from the Staff of The Nasdaq Stock Market (Nasdaq), notifying Tri-Tech that Nasdaq has determined that the company’s failure to file its Form 10-K for the period ended December 31, 2013 serves as an additional basis to delist the ordinary shares of the company from Nasdaq pursuant to the Nasdaq Listing Rule 5250(c)(1). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Commission through the EDGAR System or with the Other Regulatory Authority. All required reports must be filed with Nasdaq on or before the date they are required to be filed with the Commission or Other Regulatory Authority. The company plans to file its Form 10-K for the period ended December 31, 2013 within approximately one month, subject to resolution of outstanding matters. The Nasdaq Letter noted that Nasdaq Hearings Panel would consider the matter in connection with their pending review of the company’s continued listing on The Nasdaq Capital Market. There can be no assurance that the company will be able to regain or maintain compliance with the requirements for continued listing under the Nasdaq Listing Rules. There can be no assurance that the company will maintain its Nasdaq listing.

Tri-Tech Holding Inc. Receives A Letter From The Staff Of The Nasdaq Stock Market

On February 27, 2014, Tri-Tech Holding Inc. received a letter from the Staff of The Nasdaq Stock Market (“Nasdaq”), notifying the company that Nasdaq has determined to delist the ordinary shares of the Company from Nasdaq pursuant to the Staff’s discretionary authority under Listing Rule 5101 and based on the company’s failure to disclose material information as required by Nasdaq Listing Rule 5250(b)(1). Nasdaq Listing Rule 5101 provides, in part, that Nasdaq “has broad discretionary authority over the initial and continued listing of securities in Nasdaq in order to maintain the quality of and public confidence in its market, to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and to protect investors and the public interest.” Nasdaq Listing Rule 5250(b)(1) requires prompt disclosure to the public of any “material information that would reasonably be expected to affect the value of its securities or influence investors’ decisions.” The Nasdaq Letter noted that the Company may appeal the Staff’s determination to a Hearings Panel (the “Panel”), pursuant to the procedures set forth in the Nasdaq Listing Rules. A hearing request will stay the delisting of the Company’s securities, but will not result in resumption of trading, pending the Panel’s determination. Unless the Company requests an appeal, the Company’s ordinary shares will be delisted from NASDAQ at the opening of business on March 10, 2014 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market. In the Nasdaq Letter, Nasdaq specifically identified the following concerns: (i) the theft by the Company’s former Chief Executive Officer (“CEO”), Guang Cheng, of important assets of the Company in China; (ii) the Company’s ongoing failures to regain control of these assets and prevent Mr. Cheng, notwithstanding his termination as CEO, from exercising authority over a material subsidiary of the Company, authority which Mr. Cheng continues to exercise at present; (iii) the Company’s inability to disburse funds from that subsidiary’s bank accounts and engage in other corporate actions without the explicit cooperation and assistance of Mr. Cheng; and (iv) the Company’s failure to timely disclose the foregoing events to the public. The Company plans to appeal the Staff’s determination to the Panel. There can be no assurance that the Panel will grant the appeal made by the Company, or that the Company will be able to regain or maintain compliance with the requirements for continued listing under the Nasdaq Listing Rules. There can be no assurance that the Company will maintain its Nasdaq listing.

 

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