DelSolar Withdraws Application for Taiwan Stock Listing Due to Weak Solar Market

According to media reports, DelSolar Co. Ltd., the solar energy unit of Delta Electronics, has withdrawn an application for a listing on the Taiwan Stock Exchange, expressing fears that a weakening demand for solar energy related products in the global sector will hamper its fundraising efforts.

"Falling share prices of solar energy stocks are likely to compromise the company’s fundraising initiative," DelSolar said. "After considering the market reality, we decided to withdraw the listing application."

DelSolar says that it will look at market trends and its performance in the future to decide a good time for listing.