regulatory
confidence high
sentiment negative
materiality 0.85
Heyu Bio receives SEC non-compliance letter; faces potential registration revocation
Hongchang International Co., Ltd
- Received SEC letter dated Dec 17, 2021 (received Dec 30) citing non-compliance with Section 13(a) reporting.
- SEC warned of possible administrative proceeding to revoke registration or trading suspension if filings not made within 15 days.
- Company responded Jan 1, 2022 requesting extension; preparing filings with auditor WWC, P.C. and outside counsel.