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Stock Market & Financial Investment News

News Breaks
August 14, 2014
06:44 EDTCSUNChina Sunergy extends payment schedule of share transfer agreement
China Sunergy has entered into a supplemental agreement with China Electric Equipment Group Co., to extend the payment schedule under the share transfer agreement previously entered into by and between both parties for the sales of one subsidiary of the company, China Sunergy Shanghai Co., for a total consideration of approximately $37.7M. The total cash proceeds shall be paid in three installments. The company and CEEG reached the Supplemental Agreement to extend the payment schedule of the outstanding cash proceeds, with the second and third installments to be paid by August 31 and September 30, respectively.
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May 27, 2015
06:07 EDTCSUNChina Sunergy receives notice of non-compliance from NASDAQ
China Sunergy announced that it had received a letter from the Listing Qualifications Department of the NASDAQ Stock Market, on May 20, informing the company that it does not comply with a NASDAQ listing standard set forth in NASDAQ Listing Rule 5250(c)(1), as the company has not filed its Form 20-F for the period ended December 31, 2014 in a timely manner. The Letter requires the company to submit a plan to regain compliance with respect to the above delinquent report within 60 calendar days of the receipt of the Letter. The NASDAQ Listing Rules provide that the NASDAQ can grant the company an exception of up to 180 calendar days from the Filing's due date, or until November 11, to regain compliance if NASDAQ accepts the company's plan of compliance.

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