LDK Regains Compliance with New York Stock Exchange

Author:Shamsiah Ali-Oettinger     Source:PV Magazine     Click:320     Publish time:2013/1/11 14:08:28

LDK Solar has announced that the New York Stock Exchange (NYSE) has sent a notice stating that the company is in compliance with NYSE's continued listing requirement of a minimum average closing price of US$1 per share over a consecutive 30-trading day period.

LDK Solar was told in mid-November last year that the company's average common stock price had traded below the stipulated amount for a consecutive 30-trading day average. LDK Solar was therefore required to bring its average ADS (American Depositary Share) closing price above US$1 within the longer of six months of receipt of the NYSE's notification or decide at its next annual meeting of shareholders if a shareholders' action was needed.

At the end of last year, the average closing price of the company's common stock for the 30-trading days was above US$1. LDK Solar has thus resumed compliance with NYSE continued listing requirements.


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