Emeren Group (NYSE: SOL) ADS Set for Removal From NYSE Listing Under Section 12(b)
Rhea-AI Filing Summary
Emeren Group Ltd is having its American Depositary Shares, each representing ten ordinary shares, removed from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934.
The notification states that the NYSE has complied with Rule 12d2-2(b) to strike this class of securities from listing and/or withdraw its registration, and that Emeren has complied with the exchange’s rules and SEC Rule 12d2-2(c) governing the voluntary withdrawal of this class of securities from listing and registration.
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Insights
Emeren’s ADSs are being removed from NYSE listing and registration, marking a significant change in how this security is listed.
The notification covers Emeren Group Ltd American Depositary Shares, each representing ten ordinary shares, and confirms their removal from listing and/or registration on the New York Stock Exchange under Section 12(b) of the Exchange Act. This focuses specifically on that class of securities rather than the broader corporate structure.
The text notes that the NYSE has complied with Rule 12d2-2(b) to strike this class from listing and/or withdraw registration, and that Emeren has complied with exchange rules and SEC Rule 12d2-2(c) for voluntary withdrawal. The combination of exchange action and issuer compliance indicates a formal transition away from NYSE listing for these ADSs, which is typically viewed as a materially important development for shareholders in that class.
FAQ
What action is Emeren Group Ltd (SOL) taking regarding its NYSE listing?
Emeren Group Ltd is removing its American Depositary Shares from listing and registration on the New York Stock Exchange under Section 12(b) of the Securities Exchange Act of 1934.
Which Emeren Group Ltd (SOL) securities are affected by this removal?
The action applies to American Depositary Shares of Emeren Group Ltd, with each ADS representing ten ordinary shares.
Is the Emeren Group Ltd (SOL) NYSE removal described as voluntary?
Yes. The notification states that Emeren has complied with exchange rules and SEC Rule 12d2-2(c) governing the voluntary withdrawal of this class of securities from listing and registration.
Which rules govern Emeren Group Ltd’s (SOL) removal from NYSE listing and registration?
The action is taken under Section 12(b) of the Exchange Act and references SEC Rules 12d2-2(a)(1)-(4), 12d2-2(b), and 12d2-2(c).
Who certified the Emeren Group Ltd (SOL) NYSE removal notification?
NEW YORK STOCK EXCHANGE LLC certified the notification and it was signed by Anthony Sozzi, identified as Analyst, Market Watch.
Does the notification indicate that NYSE rules were followed for Emeren Group Ltd’s (SOL) removal?
Yes. It states that the NYSE has complied with its rules under Rule 12d2-2(b) to strike the class from listing and/or withdraw registration, and that Emeren has complied with exchange rules and SEC Rule 12d2-2(c).