Reports
surfaced
yesterday
that
the
bank
is
planning
to
sue
the
beleaguered
Chinese
PV
equipment
group
following
talks
over
debt
restructuring.
Today
a
Suntech
spokesperson
told
Recharge:
“Suntech
is
aware
of
the
litigation
and
we
intend
to
resolve
it
amicably.”
Suntech,
which
had
debts
of
$2.2bn
as
of
March
last
year,
has
a
looming
deadline
to
refinance
a
$541m
bond.
The
company
is
also
at
odds
with
its
founder,
Shi
Zhengrong,
over
his
ousting
as
chair
of
the
board
earlier
this
week.
…
