New Energy Systems Group manufactures and distributes battery components for the mobile market. The Company’s products are used to power mobile phones, MP3 players, laptops, digital cameras, PDAs, camera recorders and other consumer electronic digital devices. New Energy Systems Group was previously known as China Digital Communication Group.
A lawsuit was filed against the company for making false statements about the product quality and expected orders.It was dismissed in Sep 2014.
The company applied to be delisted from NYSE in Apr 2013.
New Energy Systems: 2010 Annual Report, 14 July 2011
Stanford Law School: New Energy Systems Group Securities Litigation, 30 Sep 2014