Shares of China Singyes Solar Technologies Holdings resumed trading last week after a three-month suspension. Photo: Eric Ng

Potential white knight waiting in the wings as private sector bond defaulter struggles to restructure debt

  • China Singyes Solar Technologies Holdings has already defaulted on one bond, with another US$260 million paper due next month
  • Company had US$904 million of outstanding debt as of June
Topic |   Energy

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Shares of China Singyes Solar Technologies Holdings resumed trading last week after a three-month suspension. Photo: Eric Ng
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This 5 mega-watt solar farm built by China Singyes Solar Technologies Holdings was placed on the roof of its products processing facility in Zhuhai. Photo taken January 2013. Photo: SCMP

China Singyes plunges, highlighting cash flow woes of China’s private companies and solar industry

  • Trading resumed after a three-month suspension that prevented investors from selling on its earlier debt-default news
  • Many Chinese solar farms developers suffer from weak operating cash flow
Topic |   China economy

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This 5 mega-watt solar farm built by China Singyes Solar Technologies Holdings was placed on the roof of its products processing facility in Zhuhai. Photo taken January 2013. Photo: SCMP
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