Suntech – which is clinging to the lifeline that almosttwo-thirds of the actual bondholders have given it a two-month breathing space – admittedto its investors today that legal action is a live prospect, and that itsother debts had now been sucked into the equation.
The company said: “Suntech has entered into a forbearanceagreement with holders of over 60% of the notes, one of the terms of which isthat the forbearing note-holders will cooperate with Suntech in addressingcertain legal proceedings that may be initiated against it.
“Suntech
