80 FR 53358 - In the Matter of China Fruits Corporation, Order of Suspension of Trading

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 171 (September 3, 2015)

[Federal Register Volume 80, Number 171 (Thursday, September 3, 2015)]
[Notices]
[Page 53358]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-21975]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


In the Matter of China Fruits Corporation, Order of Suspension of 
Trading

September 1, 2015.
    It appears to the Securities and Exchange Commission (the 
``Commission'') that there is a lack of current and accurate 
information concerning the securities of China Fruits Corporation 
(``CHFR'') because, among other things, of questions regarding the 
accuracy and completeness of CHFR's representations to investors and 
prospective investors in CHFR's public filings with the Commission and 
CHFR's publicly-available press releases and other public statements.
    In particular, CHFR is delinquent in filing its Form 10-Q quarterly 
report for its second quarter ended June 30, 2015, and CHFR does not 
appear to have publicly responded to news reports concerning CHFR 
relating to, among other things, (i) the whereabouts of Mr. Quan Long 
Chen, CHFR's current or former Chief Executive Officer, President, sole 
director, and controlling shareholder; (ii) the status of any investor 
funds that may have been collected by or through Mr. Chen in connection 
with CHFR; and, (iii) the financial condition of the company, including 
the status of CHFR's business operations.
    Based on CHFR's amended Form 10-K/A annual report filed for its 
fiscal year ended December 31, 2014, CHFR is a Nevada corporation based 
in Beijing, People's Republic of China. The company's common stock is 
quoted on OTC Link operated by OTC Markets Group, Inc. under the symbol 
``CHFR.'' As of August 20, 2015, the company's common stock had six 
market makers and was eligible for the ``piggyback'' exception of Rule 
15c2-11(f)(3).
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of CHFR.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of CHFR 
is suspended for the period from 9:30 a.m. EDT on September 1, 2015, 
through 11:59 p.m. EDT on September 15, 2015.

    By the Commission.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2015-21975 Filed 9-1-15; 11:15 am]
 BILLING CODE 8011-01-P