SPH,parent group of the stricken PV manufacturing giant, says the liquidation approval in the Caymans– where it is incorporated – allows it to “continue progressing a restructuringof the company”.
A statement said staff from accountants PriceWaterhouseCoopers will startworking with SPH’s directors “with the ultimate goal of achieving the company'srestructuring in the best interest of all stakeholders”.
The twists and turns of the saga have sent Suntech’s US-listed shares crashingas investors there become increasingly nervous that little will remain for themat the end of the restructuring process.
Thecompany’s
