LDK Solar regains compliance with New York Stock Exchange

LDK Solar was told in mid-November last year that its average common stock price had traded below the stipulated amount for a consecutive 30-trading day average.

It 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.