Suntech Back In Compliance With NYSE Rules

Posted by SI Staff on January 14, 2013 No Comments
Categories : New & Noteworthy

Suntech Power Holdings Co. Ltd. says it has regained compliance with the New York Stock Exchange's (NYSE) quantitative continued listing requirements.

In September 2012, Suntech faced possible delisting from the NYSE because it did not meet minimum stock-price requirements.

The NYSE has now notified the company that a calculation of Suntech's average stock price for the 30 trading days ending Dec. 31, 2012, indicated that its stock price was above the NYSE's minimum requirement of $1 based on a 30 trading-day average. In addition, on Dec. 31, 2012, the company's closing share price was $1.53.

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