• Sat
  • Aug 23, 2014
  • Updated: 4:10pm

Suntech Power

Unit of China’s Suntech in strategic investment talks

The main unit of troubled Chinese solar panel maker Suntech Power Holdings is in talks with five companies for strategic investments as part of efforts to restructure its US$1.75 billion debt, a source familiar with the matter said on Tuesday.

Tuesday, 6 August, 2013, 5:25pm

Suntech eyes Italy asset sale, LDK defaults

A restructuring storm continues to blow through China's battered solar sector, with word of a potential major asset sale by Suntech and a debt default by LDK.

18 Apr 2013 - 3:16pm

Buffett to rescue Suntech?

Intriguing rumours that billionaire investor Warren Buffett might be eying bankrupt former solar superstar Suntech are breathing new life into embattled solar shares, as traders bet that western investors could help to revive the sector.

9 Apr 2013 - 7:15pm

A burning paper trail

Suntech Power, forced to put its Chinese solar unit into bankruptcy last month, began that slide into insolvency in 2009 when customers linked to the founder could not pay their bills and the company booked the sales as revenue anyway, regulatory filings show.

4 Apr 2013 - 3:35am

China's solar energy industry may see phoenix-like rise

China's state subsidies during the past two decades have caused cycles of boom and bust for major companies in multiple industries. The latest is solar energy. The bankruptcy declaration this month by Suntech Power, once the world's largest solar-panel producer by sales, has sent shock waves across the industry.

28 Mar 2013 - 7:11am

Suntech keeps power on after failure

A day after Suntech Power became the solar industry's biggest corporate failure, workers continued to load and unload trucks at its main factory in China, adding to the global oversupply of panels.

23 Mar 2013 - 3:41am

Suntech Power fails to repay US$541m bond

The move pushed what was once the world's biggest solar panel maker into default on credit lines it had with the International Finance Corp and mainland lenders, Suntech said yesterday in a statement from its headquarters in Wuxi.

19 Mar 2013 - 5:34am

China unlikely to bail out Suntech

The mainland will not rescue Suntech Power from its creditors because the former biggest solar-panel maker needs to retrench along with the rest of the industry, two advisers to government agencies said.

15 Mar 2013 - 5:46am

Suntech's D-day nears, Yingli's mixed results

New developments in the battered solar energy space indicate the day of reckoning is fast approaching for embattled Suntech...

5 Mar 2013 - 12:35pm

Suntech Power in talks with Wuxi government on bailout

Suntech Power, the mainland solar-panel maker with US$541 million in bonds due next month, is talking with the government of Wuxi about the possibility of financial support.

28 Feb 2013 - 5:02am

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