The deal represents another setback for Suntech Power Holdings, whose creditors are attempting to claw back as much value as possible from Wuxi Suntech.

As of a few weeks ago, Suntech Singapore remained one of the biggest question marks with regard to Shunfeng’s acquisition of Wuxi Suntech, the insolvent former manufacturing arm of Suntech Power Holdings.

Last May, ownership of Suntech Singapore was transferred from Suntech Power Holdings to Wuxi Suntech by the administrator overseeing the insolvency of the latter company.

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