NEW YORK, Dec. 6, 2012 (GLOBE NEWSWIRE) -- The NASDAQ Stock Market announced today that it will delist the ordinary shares of Orckit Communications, Limited. Orckit Communications, Limited's stock was suspended on June 22, 2012 and has not traded on NASDAQ since that time.
NASDAQ also announced that it will delist the common stock of Nobility Homes, Inc. Nobility Homes, Inc.'s stock was suspended on September 19, 2012 and has not traded on NASDAQ since that time.
NASDAQ also announced that it will delist the common stock of Sino Clean Energy Inc. Sino Clean Energy Inc.'s stock was suspended on September 25, 2012 and has not traded on NASDAQ since that time.
Finally, NASDAQ announced that it will delist the ordinary shares, unit and warrant of Australia Acquisition Corp. Australia Acquisition Corp.'s stock was suspended on October 16, 2012 and has not traded on NASDAQ since that time.
NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting for each of these companies. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delistings and whether the companies' securities are trading on another venue, please review the companies' public filings or contact the company directly.
For more information about The NASDAQ Stock Market, visit the NASDAQ Web site at http://www.nasdaq.com. NASDAQ's rules governing the delisting of securities can be found in the NASDAQ Rule 5800 Series, available on the NASDAQ Web site: http://www.cchwallstreet.com/NASDAQTools/bookmark.asp?id=nasdaq-rule_5800&manual=/nasdaq/main/nasdaq-equityrules/.
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