China Sunergy Regains NASDAQ Compliance

Posted by SI Staff on July 31, 2013 No Comments
Categories : FYI

China Sunergy Co. Ltd. has received a letter from NASDAQ Stock Market LLC notifying it that the company has regained compliance with the alternative continued listing requirements under NASDAQ Listing Rule 5450(b)(3).

In May, China Sunergy had received a notice from NASDAQ indicating that the company's reported stockholders' equity as of December 31, 2012, fell below the $10 million threshold as required by the Listing Rule 5450(b)(1)(A).

In the latest letter, China Sunergy says NASDAQ informed it that company's market value of publicly held shares has been $15 million or greater for the required ten consecutive business days and thus back in compliance.

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