SuntechPower today revealed that a court in China has granted it a “preservationorder” on assets held by Suntech Singapore – including its subsidiary SuntechShanghai.

The rulingshould mean that Wuxi Suntech – owner of Suntech Singapore – will be“prevented” from moving Suntech Shanghai “beyond reach”, claims David Walker,Suntech Power’s joint provisional liquidator.

Walkerrefers to Suntech Shanghai, which was incorporated in 2006, as the “valuablecore subsidiary” of Suntech Singapore.

SuntechSingapore