June 23, 2009 (FinancialWire) — American Dairy, Inc. (NYSE: ADY), which makes infant formula and other products in China, id it has received a letter from the Securities and Exchange Commission stating that an SEC’s investigation into the company has been completed and that the SEC does not intend to recommend any enforcement action.

According to American Dairy, the letter concludes an informal inquiry by the SEC that began in 2007 and related to individuals and entities that had provided accounting or certain advisory services to the company.

Those individuals and entities included Murrell, Hall, McIntosh & Co. PLLP and Henny Wee & Co., which the company terminated in December 2007.

Beijing-based American Dairy is a producer and distributor of infant formula, milk powder, and soybean, rice walnut products in the People’s Republic of China.

The company conducts operations in China through its Feihe Dairy unit, which has processing and distribution facilities in Kedong, Qiqihaer, Baiquan, Gannan, Shanxi, and Langfang, China.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.