FRANKLIN PARK, IL — Nasdaq has issued a notice of noncompliance to M-Wave Inc. for failure to maintain a minimum of $2.5 million in stockholders' equity.
M-Wave intends to submit its plan to regain compliance to Nasdaq by Nov. 30, the company said. In that regard, the company believes that it will be in full compliance with all applicable listing requirements upon completion of its previously announced merger with Blue Sun Biodiesel LLC.
TOKYO — Meiko Vietnam Electronics Ltd. Co. has completed construction on a bare board fabrication plant in Ha Tay province, near Hanoi.
The company, a subsidiary of Japan's Meiko Group, received government approval to commence the project last December. It invested a reported $300 million in the development.
Meiko also has 12 factories in Japan and three in China's Hubei Province, where it has also been expanding.