Wuxi court declares Suntech bankrupt
By Zheng Yangpeng and Du Juan | China Daily | Updated: 2013-03-21 07:33
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Solar panels made by Suntech Power Holdings Co on an overpass in Wuxi, Jiangsu province. A court in Wuxi ruled on Wednesday that the debt-ridden company is bankrupt and must be reorganized, at the request of major creditors. Shen Peng / Xinhua |
Solar panel giant to 'reorganize' after it defaults on bond repayment
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