Home Asia - Pacific China Sunergy Announces Receipt of Notice of Failure to Meet Nasdaq Continued Listing Standards
China Sunergy Announces Receipt of Notice of Failure to Meet Nasdaq Continued Listing Standards

China Sunergy Announces Receipt of Notice of Failure to Meet Nasdaq Continued Listing Standards

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China Sunergy Co., Ltd. a specialized solar cell and module manufacturer, recentky announced that it had received a letter from the Listing Qualifications Department of the NASDAQ Stock Market, on February 23, 2016 (the “Letter”), informing the Company that it does not comply with a Nasdaq requirement set forth in Nasdaq Listing Rules (the “Listing Rule”) 5450(a)(1) related to the maintenance of a minimum bid price of $1 requirement.

Pursuant to the Listing Rule 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days to regain compliance. If at anytime during this compliance period the closing bid price of the company’s security is at least $1 for a minimum of ten consecutive business days, it will receive a written confirmation of compliance and this matter will be closed.This announcement is being made in compliance with Listing Rule 5810(b), which requires prompt disclosure of receipt of a noncompliance letter.

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Anand Gupta Editor - EQ Int'l Media Network

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