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Yingli Green Risks Delisting From New York Stock Exchange

by Joshua S Hill August 21, 2015
written by Joshua S Hill August 21, 2015
Yingli Green Risks Delisting From New York Stock Exchange

Yingli Green Energy Holding has confirmed reports that it has received an official notice from the New York Stock Exchange that it may be de-listed soon.

PV-Tech reported exclusively earlier this week that “Major tier-1 PV manufacturer Yingli Green Energy is at threat of receiving a NYSE de-listing warning as its shares have traded below the US$1.0 threshold for the last 20 days of consecutive trading.”

A day later, Yingli Green Energy published a press release confirming the receipt of just such a notice, which claimed that Yingli Green “was not in compliance with the NYSE’s price criteria for continued listing standard.”

Yingli Green has a six-month “Cure Period” in which to regain compliance with the minimum price requirement before being officially de-listed. Yingli Green must “have a closing share price of at least $1.00 per ADS on the last trading day of any calendar month during the period and also have an average closing price of at least$1.00 per ADS over the 30 trading-day period ending on the last trading day of that month.”

The Chinese-based manufacturing company made no mention of how it intends to regain compliance. PV-Tech notes that, “Typically, companies take the option of a reverse stock split, reducing the number of shares traded to boost the value.”

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