US: Hansen faces share de-listing threat
US soft drinks group Hansen Natural Corp could see its shares de-listed from the NASDAQ stock exchange due to the delayed filing of its quarterly results.
Hansen, the maker of popular energy drink Monster, said today (20 November) that it had received a letter from NASDAQ stating that it had fallen foul of regulations surrounding the disclosure of financial statements.
The company added it would ask for a hearing before the NASDAQ panel that decides whether to list a company's shares on the stock exchange.
Hansen has yet to file a full financial report for the three months to 30 September. Earlier this month, Hansen filed "selective" information from the quarter, when it saw sales rise 62%.
The company had said it would file a full report of its performance during the third quarter of the year once an investigation into the award of share options to its executives was complete. Hansen had been forced to set up the committee following a request from the US Securities and Exchange Commission.
Sectors: Soft drinks
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