Beijing time on June 30th news, due to the serious decline in market value, Yingli (1.4301, -0.10, -6.53%) green energy, once the world's largest solar panel manufacturer, was delisted by the New York Stock Exchange.
Yingli Green Energy, headquartered in Baoding, China, said in a statement Friday that the stock stopped trading, after the New York Stock Exchange notified that the company failed to maintain an average market value of at least $50 million for 30 consecutive trading days.
Yingli Green Energy currently has a market capitalization of approximately US$26 million. The company will not appeal the delisting decision.
The company said it expects its American depositary receipts to begin trading in the counter market on July 2.
Yingli Green Energy's ADR stopped trading at $1.43, a record low.