Sunways didnot disclose the terms of the deal, made under its insolvency proceedings at aregional court in Konstanz, southern Germany.

HongKong-listed Shunfeng will pick up related patents, equipment, inventory andstaff as part of the agreement, but will not take on any existing liabilities.

Sunways, a unit of debt-laden Chinese manufacturer LDK Solar, was as recently as as mid-2012 spelling out plans to become one of the world’s top three suppliers of PV inverters.

Its