Armco Metals Holdings Inc. imports, sells and distributes metal ores, and non-ferrous metals to the metal refinery industry in the Peoples Republic of China. The Company also operates a scrap metal recycling facility in the Banqiao Industrial Zone of Lianyungang Economic Development Zone in the Jiangsu province of the PRC.
The company has chosen to delist as it no longer satisfies minimum Exchange listing requirements. In addition, due to action by creditors and the PRC government, Armco has ceased all active operations except trading operation, is not able to satisfy all its obligations in the ordinary course, and expects to fully impair substantially all of its assets as part of its review of its financial position and circumstances.
Sam Matteo (MarketWide): Armco Metals Holdings, Inc. to Delist Its Common Shares From NYSE MKT, 12 Jul 2016
Bloomberg: About Armco Metals Holdings Inc, 28 Oct 2009
China Armco Metals: Annual Report, 31 Mar 2011