The Jiangsu-based Shunfeng will pay 3 billion yuan ($492 million) for the acquisition and take on all the losses of Wuxi Suntech during the reorganization period, according to an announcement released Sunday on the Hong Kong Stock
was lured back by officials in Wuxi who wanted to develop high-tech industry and put up $6 million to start Suntech. Shi later bought out his state backers with help from a group led by Goldman Sachs and went public on the New York …
Suntech Power (STPFQ) interim CEO and CFO Weiping Zhou announced his resignation from the company as STPFQ stock rose. Zhou cited personal reasons for his departure from the solar energy company. He was acting as director, …
Suntech Power Holdings Corp, one of the world's largest solar panel makers, has been contacted by the New York Stock Exchange regarding unusual trading of its American depositary shares. In a statement, the China-based manufacturer …
[ID:nBNG62856] Shares of Suntech, which is set to report quarterly results on Thursday, were up nearly 13 percent at $15.47 in trading on Monday on the New York Stock Exchange. "This is truly an international marketplace, especially …
Suntech Power is traded on the New York Stock Exchange, and had a market capitalization of $16 billion at its peak. The company failed to make payments last Friday on $541 million worth of convertible debt. The bankruptcy filing of …
At its peak, Suntech, nearly 60 percent owned by Shi and his family trust, was valued on the New York Stock Exchange at $16 billion. Now it has a market cap of just around $106 million, a decline emblematic of the epic capital destruction …
It raised a total of $743 million from Wall Street in two separate stock offerings in 2005 and 2009. Shi started Suntech in 2001 after serving as research director at another solar company in Australia, Pacific Solar. He received a bachelor’s …
Suntech Power Holdings Co., Ltd. (NYSE ... Mr. Fan was formerly an executive director and is now an independent non-executive director of Hong Kong Stock Exchange listed China Everbright International Ltd., a developer and operator of …
The sector as a whole could slash prices by half as soon as 2013, he added. Hot on the scent of a company within striking distance of grid parity, investors sent Suntech’s stock soaring (reports of the solar industry’s lobbying efforts at the UN ...