The company through insolvency procedures plans to come upwith a sustainable restructuring plan and to reach an agreement with itscreditors.
Sunways said its board is already in talks with potentialinvestors.
Sunways had a previous flirtation with insolvency last year,and its troubles have mirrored those of its debt-laden Chinese owner.
As recently as mid-2012 Sunways was spelling out plans to becomeone of the world’s top three suppliers of PV inverters.
The
