Suntech Regains Compliance With NYSE Minimum Share Price Listing Requirement
WUXI, China, Jan. 14, 2013
WUXI, China, Jan. 14, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd.
(NYSE: STP), one of the world's largest producers of solar panels, today
announced that it has regained compliance with the New York Stock Exchange's
(NYSE) quantitative continued listing requirements.
In a letter dated January 8, 2013, the NYSE notified the Company that a
calculation of Suntech's average stock price for the 30 trading-days ended
December 31, 2012 indicated that its stock price was above the NYSE's minimum
requirement of $1 based on a 30 trading-day average.In addition, on December
31, 2012, the Company's closing share price was $1.53. The Company will
continue to monitor its ongoing compliance with the NYSE's continued listing
Suntech Power Holdings Co., Ltd. (NYSE: STP) produces solar products for
residential, commercial, industrial, and utility applications. With regional
headquarters in China, Switzerland, and the United States, and gigawatt-scale
manufacturing worldwide, Suntech has delivered more than 25,000,000
photovoltaic panels to over a thousand customers in more than 80 countries.
Suntech's pioneering R&D creates customer-centric innovations that are
designed to drive solar to grid parity against fossil fuels. Suntech's mission
is to provide everyone with reliable access to nature's cleanest and most
abundant energy source.
Safe Harbor Statement
This press release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar statements.
Further information regarding these and other risks is included in Suntech's
filings with the U.S. Securities and Exchange Commission, including its annual
report on Form 20-F. Suntech does not undertake any obligation to update any
forward-looking statement as a result of new information, future events or
otherwise, except as required under applicable law.
For investor inquiries, please contact:
Investor Relations Director
Suntech Power Holdings, Co. Ltd.
For media enquiries, please contact:
Weber Shandwick for Suntech
Phone: +86 21 2411 0046
SOURCE Suntech Power Holdings Co., Ltd.
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