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Stock Market & Financial Investment News

News Breaks
March 25, 2013
06:15 EDTSTPIHS: Suntech went to insolvency due to multiple factors, DigiTimes reports
The IHS said Suntech (STP) went to insolvency as the result of misplaced investments and a misguided pricing strategy, reports DigiTimes. The IHS also cites anti-dumping action in the U.S. and unwillingness by the China government to cast off detrimental manufacturers. Reference Link
News For STP From The Last 14 Days
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July 31, 2015
05:31 EDTSTPWuxi Suntech loses lawsuit against ZKenergy
ZKenergy Science & Technology announced that the company has won the lawsuit against Wuxi Suntech Power over contract disputes and received the Notice of Judgment on July 23, in reference to Case Sushang First Trial-00022. ZKenergy filed a lawsuit against Wuxi Suntech on September 1, 2014, alleging that the latter failed to perform its obligations under the terms of Solar Module Sales Contract and the supplementary agreement, and requiring Wuxi Suntech to restitute the payment totaling RMB 206M and to be liable for breach of the agreements. ZKenergy received the notice that the court had agreed to hear the case on September 3, 2014. Wuxi Suntech filed a counterclaim to ZKenergy's claim on December 25, 2014, requiring ZKenergy to pay its loss of RMB 246.6M.

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