Tianwei Yingli May Repay Yuan Notes After Oct. 13 Deadline
- Land sale transaction won't be done in time for note repayment
- Yingli says it's determined to repay notes at some point
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Yingli Green Energy Holding Co., once the world’s biggest solar panel maker, said unit Baoding Tianwei Yingli New Energy Co. may repay 1 billion yuan ($157 million) of notes after an Oct. 13 deadline.
Tianwei Yingli plans to liquidate idle land needed to raise the funds for repayment, but won’t get that transaction done in time, Jean Tian, an investor relations official from Yingli Green Energy, said on Thursday.