The
threat
is
the
result
of
the
average
closing
price
of
Suntech’s
American
Depository
Shares
having
fallen
below
$1.00
in
the
30-day
trading
period
leading
to
10
September.
The
warning
caps
a
week
of
major
shake-ups
at
Suntech,
including
its
decision
to
idle
600MW
of
cell
capacity
in
China
and
to
replace
Suntech
Europe
president
Jerry
Stokes
with
Vedat
Gürgeli
as
the
company
adopts
a
new
“lean
management
structure”.
Suntech,
which
has
a
high
level
of
debt,
now
has
a
six-month
“cure”
period
in
which
to
bolster
its
share
price.
Suntech’s
share
price,
already
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