Suntech Power Holdings Co., Ltd. (NYSE: STP) (the “Company”), one of the world’s largest producers of solar panels, announced that it has been contacted by the New York Stock Exchange, Inc. regarding today’s unusual trading activity relating to its American depositary shares. Management of the Company is not aware of undisclosed events that triggered such trading activity. The Company is aware of recent market rumors and third party reports regarding the Company’s financial position and other matters.
As reported by the Company on March 11, 2013, it has entered into a forbearance agreement (the “Agreement”) with holders of over 60% of its 3% Convertible Notes (the “Notes”), for which a principal payment of US$541 million is due on March 15, 2013. The Company does not plan to make such payment and the Company’s management is not aware of any pending or planned actions or claims in relation to such non-payment by the trustee or the holders of the Notes. As previously disclosed, the Company plans to continue to work with holders of the Notes with a view to achieving a consensual restructuring.
Breaking News
- 6 hours ago - Enphase Energy Partners with Octopus Energy Group in the United Kingdom -
- 6 hours ago - 38.92% Decrease! APsystems Publishes Financial Results in 2023 -
- 8 hours ago - 7GW! SANY Silicon Shortlisted Xinhua Hydropower Company Limited Module Centralized Procurement -
- 1 day ago - 79.47%! Sungrow Achieves Operating Income Growth in 2023 -
- 1 day ago - 153.2% Increase in Profit! JinkoSolar Delivered 70GW+ N-type Cells in 2023 -
Editor's Picks
-
Half of 60 Chinese PV Companies Listed Forecast Net Loss in Profit 2023
-
Watch Out! Damage of PV Module May Cause by Improper Weeding Method
-
Polysilicon Price Boom to See an End in China Soon?
-
China Urges End-of-Life Management for Solar Panels, Which Are Essential but Painful to Recycle
-
2023 World’s Top 20 Global Silicon Material/Wafer Manufacturers Revealed by PVBL
-
TOPCon Expansion in China: How Long Can TOPCon Benefit Chinese Manufacturers?
-
Huawei Will Supply Technology to One of the Largest RES Power Plants in Central and Eastern Europe
-
Top 10 Chinese Module Suppliers Shipped Over 240GW Globally in 2022
-
Effects of COVID-19 on the German PV Market Manageable, Development to Remain Steady With the Removal of the 52GW Cap
-
Number of Cancelled and Postponed Conferences Continue to Rise Amid Coronavirus Epidemic