NEW YORK, Nov. 7, 2012 (GLOBE NEWSWIRE) -- The NASDAQ Stock Market® (Nasdaq:NDAQ) announced that Smartheat Inc. (HEAT), which has been subject to a trading halt since May 30, 2012, will be suspended from the NASDAQ Stock Market effective November 9, 2012. As a result of the suspension, Smartheat may be eligible to resume trading in the over the counter market. The suspension is the result of a final determination to delist the Company's shares issued by the Panel after a hearing on the matter. NASDAQ will file a Form 25 Notification of Delisting with the Securities Exchange Commission upon the expiration of applicable appeal periods.
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Source:The NASDAQ OMX Group, Inc.