Luo, formerly Suntech’s senior vice president for global supply chain, insists that there have been no delays or problems with the acquisition, explaining that as a Hong Kong-listed company Shunfeng is simply proceeding through the normal regulatory and shareholder approval processes.
When pressed on the ongoing legal battles related to the 2013 bankruptcy of Suntech Power Holdings (SPH) – Wuxi Suntech’s former owner – such as SPH’s recent victory over Suntech Singapore in a Singaporean court, Luo says: “Keep in mind that Shunfeng is buying [Wuxi Suntech] not from Suntech Power Holdings, but from the court-appointed administrator [in China].”
Luo
