Wuxi Suntech deal 'close' – CEO

Earlier this year, Shunfeng acquired Wuxi Suntech, the core Chinese production unit of fallen PV module powerhouse Suntech.

Suntech will operate as an independent unit within Shunfeng

Shunfeng’s proposed acquisition of Wuxi Suntech is “very close to being finalised”, insists Wuxi Suntech’s new chief executive Eric Luo, allowing the PV manufacturer to revert to an expansionary mode.

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