Document ID: SEC-2006-0660-0001
Agency: sec
Document Type: Notice
Title: Securities: Suspension of trading--
Posted Date: 2006-05-23T04:00Z

[Federal Register: May 23, 2006 (Volume 71, Number 99)]
[Notices]               
[Page 29689]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr23my06-88]                         

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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]

 
In the Matter of China Energy Savings Technology, Inc.; Order of 
Suspension of Trading

May 19, 2006.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
China Energy Savings Technology, Inc. (``China Energy''), a Nevada 
corporation headquartered in Hong Kong.
    The Commission is concerned that certain China Energy affiliates 
and shareholders may have unjustifiably relied upon Rule 144 of the 
Securities Act of 1933 (``Securities Act'') in conducting an unlawful 
distribution of securities that failed to comply with the resale 
restrictions of Rule 144 of the Securities Act. The Commission is also 
concerned that China Energy may have unlawfully relied upon Form S-8 of 
the Securities Act to issue unrestricted securities.
    Questions also have arisen regarding the accuracy and completeness 
of information contained in China Energy's public filings with the 
Commission concerning, among other things, statements regarding the 
company's shareholder base.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed company.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the above-listed 
company is suspended for the period from 12:01 a.m. EDT, May 19, 2006, 
through 11:59 p.m. EDT, on June 2, 2006.

    By the Commission.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. 06-4807 Filed 5-19-06; 11:48 am]

BILLING CODE 8010-01-P