NYSE delists LDK Solar

|About: LDK Solar Co., Ltd. (LDK)|By:, SA News Editor

The NYSE declares LDK Solar (LDK) shares unsuitable for trading on account of their "abnormally low" price. LDK's last trade (on Feb. 21) was at $1.01.

The struggling solar module vendor announced a debt restructuring deal for its offshore ops on Friday. A Cayman Islands court is set to evaluate it.