There are a couple reasons: 1) I’m not typically a high-multiple growth/story stock investor. Typically I like to stick to value-oriented picks where I can wrap my head around the numbers. In the case of Suntech, it was just hearing that there …
After filing for bankruptcy and seeing its stock fall 40% when it default on $541 million in bonds, Chinese equity Suntech Power Holdings Co. (STP) has rallied on rumors that Warren Buffett may buy the company. Suntech’s rally brought …
While China shoulders a hefty share of the blame for free falling panel prices – a host of factors enable Chinese manufacturers to sell at low rates – the stock malaise is an equal opportunity affliction. NYSE-traded Suntech is …
Bankruptcy for Suntech's main unit may wipe out more than US$1.28 billion that Wall Street investors funnelled into the firm through two stock offerings. It also had US$1.44 billion in credit lines, including a US$50 million note to the …
SAN FRANCISCO and WUXI, China, July 7 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world’s largest photovoltaic (PV) module manufacturer, today announced changes to the operations management team …
Former Rich 200 member Shi Zhengrong has been barred from leaving China ... Shi’s $3 billion fortune resulted from the New York Stock Exchange listing of Suntech. Chinese born, Shi became an Australian citizen when completing his …
Alas, the markets aren’t exactly normal these days. Suntech is an overvalued stock with $500 million already in convertible notes (and another $500,000 in short- and long-term liabilities), and the credit markets are finicky and volatile. …
A Suntech Power booth at an international solar power equipment exhibition ... The company was notified by the New York Stock Exchange last week that it did not meet the NYSE's price criteria for continued listing because, as of September …
These payments are separate from the $20 million that Suntech invested in Hoku's common stock through a private placement in early 2008. The term of the agreement was shortened to one year to match Suntech's prepayment of $2 …
The New York Stock Exchange said Thursday it was reviewing the listing of Suntech Power Holding Co.'s US-traded shares after the giant solar-panel maker's main China unit moved into bankruptcy reorganization. The NYSE announced …