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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.
News For CSUN From The Last 14 Days
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July 23, 2015
06:35 EDTCSUNChina Sunergy regains compliance with Nasdaq listing requirements
China Sunergy announced that it had received written notification from the Listing Qualifications Department of the NASDAQ Stock Market, on July 20 informing the company that it has regained compliance with the continued listing requirements under NASDAQ Listing Rule 5250(c). On May 20, the company received a letter from NASDAQ, indicating that, the company failed to file on Form 20-F for the period ended December 31, 2014 in a timely manner. The Letter requires, among others, 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. On July 10, company filed its Form 20-F for the period ended December 31, 2014. On July 20, the company received written notification from Nasdaq that by filing its Form 20-F, the NASDAQ staff determined the company has complied with the Listing Rule, and accordingly, this matter is now closed.

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