HOH Water’s Securities Removed From NASDAQ

HOH Water Technology Corp. in Newbury Park said its securities were removed from NASDAQ because the company failed to meet the capital and surplus requirements set by the market’s governing body, the National Assn. of Securities Dealers.

NASDAQ, which stands for the association’s automated quotation system, is the principal electronic network linking trades in the over-the-counter market. HOH, which is developing water purification equipment for residential and industrial markets, said its stock would continue to be traded in the less-active portion of the OTC market.

HOH had been in danger of being taken off NASDAQ in 1989 and 1990 because of insufficient capital but had won temporary reprieves from the association.