PV manufacturer China Sunergy (CSUN) has been threatened by the NASDAQ that its shares could be de-listed due to non-compliance with the US$1.0 minimum trading price rule.
As per the NASDAQ rules, CSUN has 180 calendar days to regain compliance from the date of the warning, which was issued on 23 February 2016.
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CSUN has received two de-listing warnings in the past. Previously, CSUN was threatened with de-listing by failing to file quarterly and annual reports in the prescribed timelines and had also been in non-compliance with the US$15 million required minimum market value of publicly held shares.
