The company, based in China's Jiangsu province, said that it expects the market regulator to initiate formal procedures to delist its American Depositary Shares soon.

Suntech immediately appealed the NYSE regulator's initial decision last November to halt trading of its shares.

The regulator suspended trading due to uncertainty about the group's ongoing restructuring, as well as its efforts to revise its 2010 and 2011 earnings statements.