China Shengda (SPGI) Regains Nasdaq Listing Compliance

China Shengda Packaging Group Inc. (Nasdaq: CPGI) has received a notice (the "Notice") from The NASDAQ Stock Market on December 15, 2011 indicating that the Company's common stock has regained compliance with NASDAQ's $1.00 minimum closing bid price requirement. The Notice indicated that NASDAQ determined that the closing bid price of the Company's common stock had been at $1.00 per share or greater for ten consecutive business days. As previously announced, the Company received a letter from NASDAQ indicating that for 30 consecutive business days the bid price of the Company's common stock had closed below the minimum $1.00 per share requirement for continued listing on The NASDAQ Global Market. The Notice indicated that this matter is now closed.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Boeing names Ryan Shedd as new SVP and controller
• Sigma Lithium resumes full operations after signing TAC agreement
• Nu Skin EVP of global sales takes medical leave