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Suntech Power Holdings Co Ltd

  • HONG KONG/ SHANGHAI, March 24- Credit warning signs are flashing for heavily indebted Chinese semiconductor, software and commodities firms as the government cautiously steps aside to let market forces play a bigger role in deciding winners and losers.

  • Feb 24- Debt-laden Chinese solar company LDK Solar Co Ltd said it filed in the Cayman Islands for the appointment of provisional liquidators, four days before it is due to make a $197 million bond repayment. LDK Solar, which is incorporated in the Cayman Islands, has received several reprieves from investors on interest payments on the bond, which matures on Feb. 28.

  • JinkoSolar Holdings, JA Solar, Canadian Solar and U.S. companies including First Solar and Sunpower Corp have raised about $3 billion in the past year, over according to industry estimates and Thomson Reuters data, mostly through private share placements, public share issues and convertible bonds.

  • But industry officials worry fast-growing generation capacity will increase fiscal pressures on China and Japan and force them to cut subsidies which will then hit demand, just as happened with previous big solar users Germany, Spain and Italy.

  • But industry officials worry fast-growing generation capacity will increase fiscal pressures on China and Japan and force them to cut subsidies which will then hit demand, just as happened with previous big solar users Germany, Spain and Italy.

  • HONG KONG, Dec 11- China's Suntech Power Holdings Co Ltd said its restructuring manager would investigate the planned sale of its main unit to Shunfeng Photovoltaic International Ltd for legal infractions- a move sources say could delay the $495 million deal.

  • HONG KONG, Nov 12- Creditors of the main unit of Chinese solar panel maker Suntech Power Holdings Co Ltd on Tuesday approved a plan to restructure its $1.75 billion debts with proceeds from acquirer Hong Kong- listed Shunfeng Photovoltaic International Ltd..

  • HONG KONG, Nov 12- Creditors of the main unit of Chinese solar panel maker Suntech Power Holdings Co Ltd on Tuesday voted in favour of a plan by Hong Kong- listed Shunfeng Photovoltaic International Ltd to acquire the subsidiary, bringing the closely watched $1.75 billion debt restructuring closer to completion.

  • HONG KONG, Nov 8- China's loss-making solar panel makers believe they may have found a way out of their nightmare- by becoming one-stop renewable energy shops with their own solar farms. "Definitely the trend is Chinese manufacturers will make more downstream investment," said a senior official at Chinese solar panel maker Canadian Solar.

  • Nov 6- China's Suntech Power Holdings Co Ltd, once the world's largest maker of solar panels, filed for provisional liquidation, signaling that it may go out of business after years of steep declines in panel prices. Suntech's shares fell as much as 23 percent to $1.15 on the New York Stock Exchange on Wednesday.

  • Nov 6- Suntech Power Holdings Co Ltd, once the world's largest maker of solar panels, said it had filed an application for provisional liquidation in the Cayman Islands, where the New York- listed Chinese company is incorporated.

  • Suntech, which is incorporated in the Cayman Islands, said it would consider pursuing a Chapter 15 filing in the United States following the grant of the application in the Cayman Islands.

  • Shenzhen raises 2nd home purchase down payment, adds to jitters. HONG KONG, Nov 4- Hong Kong and China shares gave up early gains on Monday, with the Chinese property sector weak after the southern city of Shenzhen was reported to be raising minimum down payment on second home purchases in an attempt to stem rising prices.

  • *Suntech has until Nov. 6 to respond to the filing. Oct 31- Chinese solar panel maker Suntech Power Holdings Co Ltd said it intended to contest a bankruptcy petition filed against it in the United States by some bondholders.

  • SHANGHAI, Oct 31- The looming bailout of Suntech Power may mark a temporary victory for the city of Wuxi in its struggle to keep its champion employer afloat, but it highlights a singular weakness in China's reform strategy: a deep-rooted political inability to allow inefficient businesses to go bust.

  • Follows offer from Shucheng to buy Suntech's China subsidiary. *Rising demand for solar products means injection makes sense for China- economist.

  • *Shungeng to put 2- 3 billion yuan into Wuxi Suntech initially-source. HONG KONG, Oct 25- China's Shunfeng Photovoltaic International Ltd has signed a preliminary deal to buy the main China unit of Suntech Power, two sources close to the matter said on Friday.

  • HONG KONG, Oct 25- Hong Kong- listed solar investor Shunfeng Photovoltaic International Ltd has signed a framework restructuring agreement with the debt administrator of New York- listed Suntech Power's main China unit, two sources familiar with the matter said on Friday.

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