Suntech Power

Unit of China’s Suntech in strategic investment talks

 The main unit of troubled Chinese solar panel maker Suntech Power Holdings is said to be in investment talks. Photo: Reuters

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

Suntech investors will be disappointed to learn the latest reports don't seem to include a major cash infusion from Warren Buffett. Photo: Reuters

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

The bankruptcy of Suntech's China unit sent the parent's US-listed shares down 16 per cent in two days. Photo: AFP

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 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

It is business as usual at Suntech during the restructuring period.

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

Suntech's plant in Arizona.

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

Beijing wants the solar industry to reduce manufacturing capacity.

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

Workers inspect solar panels at a Suntech Power Holdings factory in Wuxi, China. Photo: AFP

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

Shi Zhengrong, chairman of Suntech Power Holdings. Photo: Bloomberg

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

Briefs, October 10, 2012

BHP to axe iron ore jobs as slowdown bites

Suntech to cut solar panel production costs

10 Oct 2012 - 4:25am

No end in sight to solar industry's woes

Solar power equipment and parts will remain in major global oversupply and product prices will continue to be under downward pressure for at least another year, according to the chief of the world's largest maker of solar panels.

17 May 2012 - 12:00am

Pay-to-donate charity scandal

The credibility of mainland philanthropy - already tarnished by scandals involving its largest NGO, the Red Cross Society of China - has received another blow, with its second-largest group, the China Charity Federation, also hit by controversy.

18 Aug 2011 - 12:00am

A bull's eye view of investment in China

It can take a while to warm to Jim Rogers. First you have to push past his enthusiasm for quoting Confucius and Mao and then you have to get beyond his fondness for recalling personal firsts in China ('It was my first time...' or 'I remember the first time...'). Then there are the Red Guard references and exclamation marks.

21 Apr 2008 - 12:00am

Suntech in US$678m take-or-pay deal for solar cell components

Suntech Power Holdings, the mainland's largest solar-cell maker by market value, has signed a 10-year contract to buy polysilicon for up to US$678 million to ensure supply for its rapid expansion.

15 Jun 2007 - 12:00am