Chinese microcap Shengkai Innovations (VALV -8%) reverses an earlier 20% gain to trade lower...

|About: Shengkai Innovations, Inc. (VALV)|By:, SA News Editor

Chinese microcap Shengkai Innovations (VALV -8%) reverses an earlier 20% gain to trade lower after disclosing in a regulatory filing that it had appointed Linbin Zhang as interim Chief Financial Officer effective April 19.