Monday, January 7, 2013

LDK Solar regains compliance with NYSE continued listing requirements

CHINA & USA: LDK Solar Co. Ltd., a leading vertically integrated manufacturer of photovoltaic products, announced that, based upon a notice received on January 3, 2013 from the New York Stock Exchange, we are once again in compliance with the NYSE's continued listing requirement of a minimum average closing price of $1.00 per share over a consecutive 30-trading-day period.

On November 16, 2012, we were notified by the NYSE that the average price of our common stock had traded below a consecutive 30-trading-day average of $1.00 per share. As a result, under the NYSE rules, LDK Solar was required to bring its average ADS closing price above $1.00 within the longer of six months of receipt of the NYSE's notification or its next annual meeting of shareholders if a shareholders' action was proposed.

At the close of trading on December 31, 2012, our average closing price of our common stock for the previous 30 trading days was above $1.00 per share.  Accordingly, we have resumed compliance with all NYSE continued listing requirements.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.