XINYU CITY, China and SUNNYVALE, Calif., Jan. 7, 2013 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic products, today announced that, based upon a notice received on January 3, 2013 from the New York Stock Exchange (the "NYSE), we are once again in compliance with the NYSE's continued listing requirement of a minimum average closing price of $1.00 per share over a consecutive 30-trading-day period.
On November 16, 2012, we were notified by the NYSE that the average price of our common stock had traded below a consecutive 30-trading-day average of $1.00 per share. As a result, under the NYSE rules, LDK Solar was required to bring its average ADS closing price above $1.00 within the longer of six months of receipt of the NYSE's notification or its next annual meeting of shareholders if a shareholders' action was proposed.
At the close of trading on December 31, 2012, our average closing price of our common stock for the previous 30 trading days was above $1.00 per share. Accordingly, we have resumed compliance with all NYSE continued listing requirements.
About LDK Solar (NYSE: LDK)
LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's headquarters and principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.