We have identified 24 additional Chinese companies that have already received a delisting notice from their exchange or will likely get such a letter in the near future. Those companies will have their common stock delisted within the next six months unless they take immediate action, usually a reverse stock split (approved by the exchange) will do the trick of getting their stock price above the crucial one dollar level.

Some companies have already completed a reverse split, including Cleantech Solutions International (CLNT, 1:10 Reverse Split on 2012-03-06), China Precision Steel (CPSL, 1:12 Reverse Split on 2012-08-28), and China Information Technology (CNIT, 1:2 Reverse Split on 2012-03-02). Even though the stock price usually suffers even more after a reverse split, this is actually a good sign as the company decided not to give up on its senior exchange listing. Again, any Chinese stock that was delisted for violating the $1 minimum bid price rule without the company fiercly fighting for its survival on NASDAQ or NYSE should be avoided no matter what.

Chinese Stocks Facing Delisting:

BWOW Wowjoint Holdings
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on October 29, 2012)
CADC China Advanced Construction Materials
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on February 19, 2013)
CALI China Auto Logistics
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on January 28, 2013)
CBAK China BAK Battery
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on November 21, 2012)
CJJD China Jo-Jo Drugstores
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on February 27, 2013)
CNET ChinaNet Online
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on November 26, 2012)
CNYD China Yida Holding
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on December 31, 2012)
CPGI China Shengda Packaging
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on November 5, 2012)
DEER Deer Consumer Products
-- Trading Halted since 2012-08-13
DQ Daqo New Energy
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on February 20, 2013. Reverse Split likely.)
GPRC Guanwei Recycling
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on January 7, 2013)
HEAT SmartHeat
-- Trading Halted since 2012-05-30
HGSH China HGS Real Estate
-- Minimum $1 Bid Price Rule Violation (NASDAQ Delisting Notice served on January 18, 2012, status unclear)
KONE Kingtone Wirelessinfo Solution
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on December 17, 2012)
LZEN Lizhan Environmental
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on October 8, 2012)
MCOX Mecox Lane
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on February 4, 2013. Reverse Split intention announced.)
NFEC NF Energy Savings
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on February 26, 2013)
QKLS QKL Stores
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on March 4, 2013)
SIHI SinoHub
-- Trading Halted since 2012-09-07 (Delisting certain)
SUTR Sutor Technology
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on December 24, 2012)
THTI THT Heat Transfer Tech
-- Trading below Minimum $1 Bid Price since September 10, 2012
VALV Shengkai Innovations
-- Minimum $1 Bid Price Rule Violation (Compliance period ends on December 31, 2012)
VISN VisionChina Media
-- Trading below Minimum $1 Bid Price since June 6, 2012
ZOOM Zoom Technologies
-- Trading below Minimum $1 Bid Price since August 31, 2012

NYSE Amex does not have a $1 Minimum Bid Price Rule, yet their regulations state that they can delist a stock when "the aggregate market value of the security has become so reduced as to make further dealings on the Exchange inadvisable." It should also be noted that NYSE Amex recently amended its listing regulations to include several paragraphs about reverse merger companies which now have increased initial listing requirements. Given the large number of Chinese RTO blow-ups on NYSE Amex over the last two years we see the following eight Chinese small caps at risk duet to their low stock price:

AXN -- Aoxing Pharmaceuticals (Day Close below $1.00 since July 18, 2011)
CBP -- China Botanic Pharmaceutical (Day Close below $1.00 since November 11, 2011)
CHGS -- China Gengsheng Minerals (Day Close below $1.00 since February 14, 2012)
CNAM -- China Armco Metals (Day Close below $1.00 since August 17, 2011)
CPHI -- China Pharma Holdings (Day Close below $1.00 since September 29, 2011)
NEWN -- New Energy Systems (Day Close below $1.00 since November 15, 2011)
SHZ -- China Shen Zhou Mining (Day Close below $1.00 since May 8, 2012)
TPI -- Tianyin Pharmaceutical (Day Close below $1.00 since November 15, 2011)