Inside a Suntech plant
Shunfeng bids for Suntech unit
09 October 2013 09:15 GMT
Suntech nears restructuring outline
31 August 2013 09:28 GMT
Suntech 'talking to five investors'
06 August 2013 01:38 GMT
By Brian Publicover in Tokyo
Friday, October 11 2013
Holdings, a wholly-owned subsidiary, will obtain the funds from HK Bank.
will primarily be used to build PV plants, Shunfeng said in a filing to the Hong Kong stock exchange.
Shunfeng has “tentatively”
emerged as the leading candidate to make a strategic investment in Suntech, a statement
by the Wuxi municipal government said this week.
Wuxi Suntech was forced into bankruptcy in March.
Parent group Suntech is struggling to regain stability and restructure financially after defaulting on $541m worth of bonds and losing its former status as world’s biggest supplier of PV modules.
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