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Hoku Corp. completes voluntary delisting from Nasdaq

Financially troubled Hoku Corp. announced today that it has completed its voluntary delisting NASDAQ Global Market.

Hoku shares began trading Monday in the over-the-counter market. Hokku officials also said they have initiated the formal process to deregister with the Securities and Exchange Commission, which will eliminate the company’s public reporting requirements.

Honolulu-based Hoku Corp. has suffered from financial difficulties at its Hoku Materials subsidiary that recently halted construction on a $700 million polysilicon plant in Idaho. The company has suffered from falling prices for polysilicon, one of the main components used in photovoltaic panels.

Hoku shares closed at 4 cents today, up 1 cent from Monday.

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