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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.
HONG KONG, Oct 11- Hong Kong shares may end the week higher on Friday, lifted by Wall Street gains on signs of a deal to avert a possible U.S. default. Direction may come from China data, a batch of which could start to appear this week: September figures for money supply and loan growth are due by Oct. 15, trade data on Oct. 12, inflation on Oct. 14, with third quarter GDP due Oct. 18.
HONG KONG, Oct 10- A closely watched restructuring of Suntech Power Holdings Co Ltd's Chinese debt is likely to move forward after Shunfeng Photovoltaic International Ltd was named the preferred bidder for Suntech's main unit.
Tariff cuts hurt most China power producers on expected margin impact. HONG KONG, Oct 10- Hong Kong shares tested their lowest in a month in early Thursday trade, with mainland China markets also weaker, as power producers fell following cuts to on-grid prices of thermal electricity that could hurt their margins.
*Wuxi Suntech has $1.75 billion in debt. HONG KONG, Oct 10- Chinese solar panel maker Shunfeng Photovoltaic International Ltd has been chosen as the preferred bidder for a stake in the main unit of troubled rival Suntech Power Holdings Co Ltd, according to a notice issued by China's Wuxi government.
HONG KONG, Oct 10- Hong Kong- listed Chinese solar panel maker Shunfeng Photovoltaic International Ltd has been chosen as the preferred bidder for a stake in the bankrupt main unit of troubled rival Suntech Power Holdings Co Ltd, according to a notice issued by China's Wuxi government.
HONG KONG, Oct 9- Hong Kong shares slipped on Wednesday, led by Tencent Holdings as investors took profits on the outperforming technology sector while the impasse in Washington sapped confidence the U.S. will avert a debt default.
U.S. stock index futures were little changed in light volume following upbeat data from Germany and China, while Federal Reserve speakers could keep investors on edge after last week's hawkish comments from a top Fed official. **APPLE INC, Friday close $467.41, up 4 pct premarket.