According to the 21Century Business Herald newspaper, the Bank of China – one of the country’s big four commercial banks– plans to initiate legal proceedings over its loans to the solar company laterthis month.
The report cites an unnamed sourcefrom a large state-owned bank.
Suntech has not yet responded to anenquiry from Recharge regarding the report. Bank of China could not be reachedfor comment on the matter.
The
