Reports surfaced yesterday that the bank is planning to sue the beleaguered Chinese PV equipment group following talks over debt restructuring.
Today a Suntech spokesperson told Recharge: “Suntech is aware of the litigation and we intend to resolve it amicably.”
Suntech, which had debts of $2.2bn as of March last year, has a looming deadline to refinance a $541m bond.
The company is also at odds with its founder, Shi Zhengrong, over his ousting as chair of the board earlier this week.
