The stock closed at $1.53 at the end of 2012.

An NYSE spokesman confirms that the bourse sent a letter on 8 January to the Chinese solar panel giant stating that it was now in compliance, having maintained the $1 minumum to 31 December.

Shares on Monday this week closed down 5.4% to $1.75. Suntech’s 52-week high was $4.40 and its 52-week low $0.71.

Late