WSP Holdings notified by NYSE of non-compliance with listing standards
WSP Holdings announced that the company was notified by the NYSE that the company is not in compliance with the continued listing standard requiring a listed security to maintain a minimum average closing price of $1.00 per share over a consecutive 30-trading-day period. The company has six months from receipt of the notification to bring its average ADS price above $1.00. The company is considering several options to regain compliance with this standard. The company will further delay its filing of the 2010 20-F due to its evaluation of bill financing arrangements with commercial banks. The company's management has notified the NYSE that it is committed to filing the 2010 20-F as soon as possible and will continue to actively update the NYSE on these matters. :theflyonthewall.com
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