Suntech regains compliance with NYSE minimum share price listing requirement14. January 2013 | By: Suntech Power Holdings
Suntech Power Holdings Co., one of the world's largest producers of solar panels, today announced that it has regained compliance with the New York Stock Exchange's (NYSE) quantitative continued listing requirements.
In a letter dated January 8, 2013, the NYSE notified the Company that a calculation of Suntech's average stock price for the 30 trading-days ended December 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 December 31, 2012, the Company's closing share price was $1.53. The Company will continue to monitor its ongoing compliance with the NYSE's continued listing standards.
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