Sutor Technology Group, Ltd. produces steel finishing fabrication products. The Company’s products are used in manufacturing household appliance parts and outer casings, electronics, infrastructure, and large industrial equipment.
It was pointed out in 2011 that Sutor’s largest (61%) supplier, Shanghai Huaye, is a private company fully owned by Sutor’s CEO Lifang Chen.
The company has not filed any periodic reports since it filed a 10-K for the period ended 31 Mar 2015, which reported a net loss of over $7.6m for the prior 9 months. It was delisted from NASDAQ in Mar 2016. In Oct 2017, the registration of the registered securities were revoked by the SEC.
Sutor Technology: Jun 2008 Annual Report, 8 Jul 2008
Seeking Alpha: A Closer Look at Sutor Technology, 12 Jan 2011
NASDAQ: DELISTING OF SECURITIES FROM THE NASDAQ STOCK MARKET, 16 Mar 2016
SEC: INITIAL DECISION MAKING FINDINGS AND REVOKING REGULATIONS BY DEFAULT, 13 Oct 2017