Tag Archives: Bankruptcy

Yingli in talks with creditors over break up

The Chinese solar manufacturer today admitted it is in talks with its lenders and strategic investors about a break up of the company after its 2018 annual accounts revealed an apparently unserviceable debt pile. Any strategic investor is likely to … Continue reading

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Who’s Next? – Fears from Suntech bond default spread to other Chinese PV manufacturers

Testing times for China-based PV manufacturers as loans and lines of credit scrutinised. The Suntech Power Holdings saga has quickly led to questions being asked of the financial health of other leading China-based PV manufacturers. According to a report from Bloomberg, … Continue reading

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Cross-defaults triggered for Suntech’s bonds; suppliers and lenders start payment claims – Another one bites the dust!

Suntech Power Holdings default on paying back its US$541 million convertible note last week has triggered cross-defaults on other loans, according to the company. Suntech also said in a statement, confirming its US$541 million convertible note default, that some of … Continue reading

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