Shunfeng has received a letter fromprovisional liquidators of Suntech Power Holdings – the global parent groupincorporated in the Cayman Islands – stating that any deal to transfer Wuxi Suntech’sassets does not have their approval.
The liquidators – two accountants fromPriceWaterhouseCoopers appointed by a court in the Caymans – also gave notice thatthey will “investigate and pursue” the parent group’s right to transferownership of Suntech Power Japan and Suntech Power Investments to Wuxi Suntech – and hence to Shunfeng.
The
