Rochester, NY 7/10/2009 10:48:34 PM
Morning Results - ADY - Termination of SEC Investigation Announced by American Dairy - Sourced WhisperFromWallStreet.com
American Dairy, Inc.
Morning Results - ADY - Termination of SEC Investigation Announced by American Dairy - Sourced WhisperFromWallStreet.com
AMERICAN DAIRY INC,ADY
36.10 Down 0.82 (2.22%) 11:17am ET
American Dairy, Inc. announced that it has received a letter from the Securities and Exchange Commission (the SEC) that the SEC's investigation into the Company has been completed and that the SEC does not intend to recommend any enforcement action. The letter concludes the SEC's informal inquiry, which commenced in 2007 and related to individuals and entities that had provided accounting or certain advisory services to the Company, including Murrell, Hall, McIntosh & Co. PLLP and Henny Wee & Co., who the Company terminated in December 2007.
Last Trade: 36.13
Day's Range: 35.71 - 38.45
52wk Range: 6.40 - 44.00
Volume: 73,478
ABOUT
American Dairy, Inc., through its subsidiaries, produces and distributes milk powder, soybean milk powder, and related dairy products in the Peoples Republic of China. The company also provides milk products, walnut powder and walnut oil, cream, skim and full milk powder, butter, and rice cereals for particular ages, dietary needs, and health concerns. In addition, it operates dairy farms. As of December 31, 2008, it had 200 company-owned milk collection stations; 6 production facilities with a milk powder production capacity of approximately 1,220 tons per day; and a distribution network that reaches 50,000 retail outlets. American Dairy, Inc. is based in Beijing, the Peoples Republic of China.
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