Japanese PV module supplier, Kyocera has announced plans to delist its American Depositary Shares (ADS) from the New York Stock Exchange (NYSE).
ReneSola has reported that its distributed-generation PV projects throughout China generated roughly 29 GWh of electricity in the third quarter of this year.
ReneSola has recorded a net loss of $31.5 million for the second quarter of 2017, from a loss of $23.2 million in the first three months of the year.
ReneSola may sell off its indebted polysilicon, wafer and PV module production businesses to regain compliance with the listing standards of the New York Stock Exchange (NYSE).
In interview with South China Morning Post, Trina Solar chairman Jifan Gao says that the solar company will “certainly go public again” once privatization and delisting from New York Stock Exchange is completed.
The Chinese PV maker has completed its merger transaction and will now become a private company. Trading of Trina’s shares on the NYSE have been suspended pending de-listing.
The Chinese integrated PV manufacturer’s stock has traded above the New York Stock Exchange’s (NYSE) minimum threshold of $1.00 per share for 30 straight days.
The Chinese PV module supplier has 90 days to regain compliance with the listing standards of the New York Stock Exchange, according to a letter it received last week from the market regulator.
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