2.43%XLF 15.10 
10.30%QQQQ 31.32 0.63%
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NEW YORK - Chinese biodiesel producer Gushan Environmental Energy Ltd. canceled a public offering Tuesday of American Depositary Shares because of stock market volatility and "the current trading price" of its ADSs, the company said.
| GU | 2.66 |  -0.35 |
Since June 23 when Gushan filed a registration for the secondary offering with the U.S. Securities and Exchange Commission, the ADSs have fallen 11 percent to Monday's closing of $10.47.
The proposed offering was to include only securities sold by certain shareholders, said Gushan, China's largest biodiesel producer.
The company's ADSs fell 28 cents, or 2.7 percent, to close at $10.19. They have traded between $7 and $17.95 in the last year.
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