Shunfeng $491m for Wuxi Suntech

Suntech has not reported a profit since the first quarter of 2011

Shunfeng will inject cash to upgrade Suntech's assets

Shunfeng Photovoltaic International (SPI) confirmed it has struck a deal for the 3bn yuan ($491m) acquisition of Wuxi Suntech – the insolvent main Chinese unit of struggling PV manufacturer Suntech.

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