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Sunset for Suntech?
China-based large-size solar firm Suntech Power Holdings failed to pay back US$541 million in convertible notes on March 15 and announced the insolvency measure for its China subsidiary, Wuxi Suntech on March 20.
IN THE NEWS
Friday 22 March 2013
Suntech executives to hold talks with Taiwan-based partners
China-based Suntech Power Holdings announced the insolvency of its China subsidiary, Wuxi Suntech. Industry sources noted that Suntech executives will arrive in Taiwan next week to...
Thursday 21 March 2013
Suntech announces petition of insolvency and restructuring of China subsidiary
China-based large-size solar firm Suntech Power Holdings announced that on March 18, 2013, a group of eight China-based banks filed a petition for insolvency and restructuring of...
Tuesday 19 March 2013
Suntech announces default with respect to 3% convertible notes
Suntech Power Holdings, a China-based solar firm, has announced that it has received from the trustee of its 3% convertible notes a notice of default and acceleration relating to...
Friday 15 March 2013
Commentary: The rise and the possible fall of Suntech
Suntech Power Holdings, a China-based solar module giant, said on March 11, 2013, that it has signed a forbearance agreement with the holders of more than 60% of the firm's 3% convertible...
Friday 15 March 2013
Suntech responds to NYSE inquiries related to unusual trading
Suntech Power Holdings, a China-based vertically integrated large-size solar firm, has announced that it has been contacted by the New York Stock Exchange (NYSE) regarding unusual...
Monday 24 September 2012
Suntech gets delisting warning from NYSE
China-based vertically integrated solar firm Suntech Power Holdings has been warned by the New York Stock Exchange of the possibility of being delisted as the firm's stock has been...
Monday 3 September 2012
Suntech sees 2Q12 shipments and revenues increase sequentially
Suntech Power Holdings (Suntech), a China-based vertically integrated maker of solar products, has announced preliminary financial results for the second quarter ended June 30, 201...
Thursday 2 August 2012
Taiwan-based solar firms aware of possible problems at Suntech
Suntech has been involved in a guarantee fraud case and faces possible financial troubles. According to Taiwan-based industry sources, firms have been highly aware of news about Suntech...