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A-Power Energy Generation Systems (APWR) Terminates Chief Financial Officer
QualityStocks (October 8th, 2008) Writes:
A-Power Energy Generation Systems, Ltd. (NASD: APWR), the largest provider of distributed power generation systems in China, recently announced that the company has terminated its chief financial officer, Edward Meng. According to the company’s internal review, A-Power Energy Generation Systems has confirmed assertions made by NASDAQ relating to the omission of certain biographical information of Edward Meng.
A-Power Energy Generation Systems was prompted of allegations against Mr. Meng by a NASDAQ notification stating that Mr. Meng’s former employer contacted NASDAQ to report that he had breached that company’s Code of Conduct by being employed by that company on a full-time basis while at the same time being employed by A-Power Energy Generation Systems as its part-time chief financial officer. The other name of the other company was not released by NASDAQ.
After deliberations and consultations with NASDAQ, the Board of Directors of A-Power Energy Generation Systems determined that terminating Mr. Meng’s
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