Guanwei Recycling Corporation recycles plastics. The Company imports low density polyethylene plastic scrap material and processes it into granular plastic for use in manufacturing consumer products.
The SEC brought fraud charges against S. Paul Kelley and his associates in 2014, regarding the reverse merger of GPRC and the subsequent share price manipulation. The charges were settled.
The company was delisted in Oct 2014 as it failed to file its Form 10-Q for the period ended 30 Jun 2014.
Guanwei Recycling: 2011 Annual Report, 30 Mar 2012
Nasdaq: NASDAQ TO DELIST GUANWEI RECYCLING CORP., 7 Oct 2014