Suntech Power Holdings American Depositary Shares (ADS) will officially be delisted from the New York Stock Exchange after the insolvent company lost an appeal with the NYSE's Committee for Review.

However, Suntech Power Holdings shares are expected to continue trading on the OTC market under the symbol ‘STPFQ’ for the time being but could eventually be halted following Chapter 15 bankruptcy proceedings in US courts.

The statement was issued via the Cayman Islands where Suntech Power Holdings is registered.