Yingli Green Energy Holding Company Limited (NYSE: YGE), a global solar panel manufacturer, today announced that it was notified by the New York Stock Exchange that the Company had regained compliance with NYSE’s continued listing criteria regarding the price of its American depositary shares (each representing 10 ordinary shares of the Company).
Due to the ADS-to-ordinary share ratio change previously announced by the Company, the average closing price of the ADSs for the consecutive 30 trading days endedDecember 31, 2015 and the closing price of the ADSs on December 31, 2015 both exceeded US$1.00.
“We are pleased to have regained compliance with NYSE’s continued listing requirement,” commented Mr. Liansheng Miao, Chairman and CEO of Yingli Green Energy. “We look forward to building shareholder value and the enhanced visibility and liquidity afforded by continued listing of our ADSs on the NYSE.”
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.