0001104659-11-063928.txt : 20111114 0001104659-11-063928.hdr.sgml : 20111111 20111114160901 ACCESSION NUMBER: 0001104659-11-063928 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20111130 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SinoTech Energy Ltd CENTRAL INDEX KEY: 0001502505 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1209 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34913 FILM NUMBER: 111202509 BUSINESS ADDRESS: STREET 1: 3/F, NO. 19 RONGHUA SOUTH ROAD STREET 2: BEIJINGECONOMICTECHNOLOGYDEVELOPMENTAREA CITY: BEIJING STATE: F4 ZIP: 100176 BUSINESS PHONE: 861087125555 MAIL ADDRESS: STREET 1: 3/F, NO. 19 RONGHUA SOUTH ROAD STREET 2: BEIJINGECONOMICTECHNOLOGYDEVELOPMENTAREA CITY: BEIJING STATE: F4 ZIP: 100176 6-K 1 a11-29817_16k.htm 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2011

 

 

Commission File Number: 001-34913

 

 

SinoTech Energy Limited

 

 

3/F, No. 19 Ronghua South Road

Beijing Economic-Technological Development Area

Beijing 100176

People’s Republic of China

Telephone: +86-10-8712-5555

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x            Form 40-F  o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

 

 

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

SINOTECH ENERGY LIMITED

 

 

 

 

 

By:

/s/ Guoqiang Xin

 

 

 

 

Name:

Guoqiang Xin

 

 

 

 

Title:

Chief Executive Officer

 

Date: November 11, 2011

 

2


 

EXHIBIT INDEX

 

Exhibit
No.

 

Description

 

 

 

99.1

 

Press Release dated November 11, 2011

 

3

 EX-99.1 2 a11-29817_1ex99d1.htm EX-99.1

Exhibit 99.1

 

SinoTech Provides Update Regarding Transfer of Corporate Funds and NASDAQ De-Listing

 

BEIJING, Nov. 11, 2011 (GLOBE NEWSWIRE) — SinoTech Energy Limited (Pink Sheets: CTESY) (“SinoTech” or the “Company”), a provider of enhanced oil recovery (“EOR”) services in China, previously announced on September 23, 2011, that certain corporate funds had been transferred to a bank account controlled by Mr. Qingzeng Liu, Chair of the Company’s Board of Directors (the “Board”).  On September 23, 2011, the Company also announced that Mr. Liu had agreed to re-transfer to the Company all such amounts, and that the Company had received a significant portion of those funds. The Company announced today that re-transfer of the remaining funds to the Company was completed on October 24, 2011.

 

The Company also announced that it has withdrawn its appeal to the previously announced delisting determination by The Nasdaq Stock Market LLC (“NASDAQ”) because, to date, it has been unable to cure the issues identified by NASADQ and disclosed by the Company on September 21 and October 4, 2011.  NASDAQ informed the Company in a letter dated October 28, 2011 that the Company’s shares will continue to be suspended from trading, and that NASDAQ will file a Form 25 Notification of Delisting with the U.S. Securities Exchange Commission when all NASDAQ internal appeal periods end.

 

The Company further announced that the Special Committee of the Board has decided to discontinue the independent investigation into allegations made in a report posted on alfredlittle.com and other matters.

 

Safe Harbor Statement

 

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including those disclosed in SinoTech’s filings with the United States Securities and Exchange Commission, and are based on information available to SinoTech’s management as of the date hereof and on its current expectations. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. SinoTech undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.

 

Investor and media inquiries:

 

Ms. Rebecca Guo

SinoTech Energy Limited, Beijing

+ 86-10-8712-5567

rebecca.guo@sinotechenergy.com

 

Brunswick Group LLP

Ms. Yue Yu

+86-10-6566-2256

sinotech@brunswickgroup.com