The
company's
financials
are
in
a
perilous
state
after
a
potential
fraud
issue
emerged
last
year
to
compound
an
ever-worsening
cash
flow.
The
world's
largest
panel
maker
as
recently
as
last
year,
Suntech
has
not
reported
a
profit
since
the
first
quarter
of
2011.
Debts
–
$2.2bn
at
the
end
of
March
2012,
the
last
quarter
for
which
it
reported
results
-
are
mounting
after
two
years
of
falling
panel
prices
and
growing
losses.
With
a
$541m
convertible
bond
due
next
week,
and
nowhere
near
enough
cash
to
pay
bondholders
back,
the
steps
taken
by
the
company
(and
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