News Breaks |
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| March 14, 2013 |
| 16:05 EDT |  | STP | Suntech says unaware of undisclosed events that trigged unusual trading action
Suntech Power Holdings announced that it has been contacted by the New York Stock Exchange regarding unusual trading activity. Management 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 it has entered into a forbearance agreement with holders of over 60% of its 3% convertible notes (the "Notes"), for which a principal payment of $541M is due on March 15. 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. |
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News For STP From The Last 14 Days Check below for free stories on STP the last two weeks. |
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| May 22, 2013 |
| 13:35 EDT | | STP | Cautious solar note, SolarCity lock-up highlighted by CNBC's Greenberg
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| 10:01 EDT |  | STP | Early talks over China-EU solar panel dispute fail, Xinhua says
First-round talks to ease the current solar panel trade fight between China and the European Union have failed, reported Xinhua, citing Chinese trade body sources. Reference Link |
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| 06:26 EDT | | STP | IHS: Solar industry CapEx down 36% in 2013, Digitimes says
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| May 21, 2013 |
| 06:42 EDT | | STP | U.S., EU to negotiate with China over solar trade dispute, NY Times says
The U.S. and EU will negotiate settlements with China over allegations that the country's solar energy sector carried out illegal trading practices, according to The New York times. Under a deal that's starting to emerge, Chinese solar companies would have to raise the prices of their solar panels, but the companies would no longer have to pay high tariffs, the newspaper explained. Reference Link |
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| May 20, 2013 |
| 08:00 EDT | | STP | German minister calls potential EU solar tariffs 'grave mistake,' FT says
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| 06:26 EDT | | STP | Europe solar trade tariffs may slow down market growth, DigiTimes says
Europe solar trade tariffs may slow down the market growth although some Taiwan firms may benefit from them against China players, reports Digitimes Research. An anti-subsidy tariff against China-based solar firms is expected to be 30%-67.9% with the average as high as 57.6%. Reference Link |
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