August 11, 2022

Suntech commences proceeding in the United States in support of restructuring process

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Chapter 15 petition filed by the Company’s restructuring professionals GEORGE TOWN, Cayman Islands, Feb. 22, 2014 /PRNewswire/ — Suntech Power Holdings Co., Ltd. (OTC: STPFQ) (the “Company” or “Suntech”) today announced that the joint provisional liquidators (the “JPLs”) of the Company appointed by the Grand Court of the Cayman Islands to oversee the restructuring of […]

Suntech signs agreement over noteholder lawsuit

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BY:  MAX HALL From PV Magazine U.S. noteholders have secured a pledge to have their obligations treated on an equal footing with non-U.S. creditors. Suntech can now continue with Cayman Islands liquidation proceedings. Suntech has signed an agreement with U.S.-based holders of its notes to stay their petition for involuntary bankruptcy. Suntech Former solar giant […]

Court documents show Suntech Power shares almost worthless

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From Seeking Alpha After Suntech Power (OTCPK:STPFQ) missed its $540 million bond payment on March 15, 2013, Seeking Alpha has published a number of articles explaining why the company’s shares are worthless. Despite these articles, Suntech stock has maintained some value over the last few months because equity holders are optimistic they will receive a […]