Hongli Clean Energy Technologie
CETC
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- Hongli Clean Energy Technologies Corp. (CETC) operates as a coal and coke producer and processor, providing clean burning energy products primarily in the People's Republic of China. The company offers raw and washed coal; coal slurries; medium or mid-coal; metallurgical coke; coal tar; crude benzol; and synthetic gas generated through coke gasification facilities. Its business operations are conducted through a variable interest entity (VIE), Henan Pingdingshan Hongli Coal & Coking Co., Ltd., serving steel manufacturers, power generators, and various industrial users in central China. Founded as a Florida corporation with roots tracing to 1996 through its Chinese subsidiary Hongli Coking incorporated in Henan Province, the company is headquartered in Pingdingshan, Henan Province, China, at Kuanggong Road and Tiyu Road, 10th Floor, Chengshi Xin Yong She. It maintains a vertically integrated structure with subsidiaries and affiliates including Top Favour Limited, Pingdingshan Hongyuan Energy Science and Technology Development Co., Ltd., Baofeng Coking Factory, Baofeng Hongchang Coal Co., Ltd., Baofeng Hongguang Environment Protection Electricity Generating Co., Ltd., and others focused on coal mining, coking, and energy production. In recent years, Hongli Clean Energy Technologies Corp. underwent a 1-for-10 reverse stock split effective October 27, 2016, to address compliance issues. The company faced significant regulatory challenges, including delisting from the Nasdaq Capital Market in 2017 following a decision by the Nasdaq Listing and Hearing Review Council on July 20, 2017, due to failure to satisfy continued listing standards under Nasdaq Listing Rule 5250(c)(1) for timely SEC periodic report filings. Trading was suspended, and the company's securities were transferred from listing, with no reported major partnerships, acquisitions, funding rounds, or new product launches in the last 1-2 years.