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Last updated on April 17, 2014 at 15:17 EDT

Latest Suntech Power Holdings Co. Ltd. Stories

2013-06-28 08:22:00

WUXI, China, June 28, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech" or the "Company") today announced that it has reached an accord with holders of a majority of the 3% Convertible Senior Notes (the "Bondholders") for a new forbearance agreement that sets forth the next steps in the debt restructuring process. The new forbearance agreement provides further time to implement the restructuring and will expire on August 30, 2013. In particular, the...

2013-06-18 08:25:40

WUXI, China, June 18, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech Holdings" or the "Company") today announced that Suntech Power International Ltd. ("SPI"), the Company's principal operating subsidiary in Europe, has been granted a definitive moratorium on creditor claims from the judicial authorities in Schaffhausen, Switzerland. The moratorium is for a six month period and may be extended thereafter. Previously, on April 9, 2013, SPI had been...

2013-06-17 04:21:10

RESS will qualify for new PV storage subsidy rates announced by the German government WUXI, China, June 17, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech Holdings" or the "Company"), one of the world's largest solar power companies, today announced that its European Union anti-dumping (AD) tariff free modules, Residential Energy Storage System, and double glass module will be on display at Intersolar 2013 in Munich, Germany. Suntech will be able to...

2013-05-15 08:23:48

WUXI, China, May 15, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's largest producers of solar panels, today announced that it has agreed on a new forbearance agreement with the majority of the holders of the Company's 3% Convertible Notes (the "Notes"), for which a principal payment of US$541 million was due on March 15, 2013. Under the new forbearance agreement, the signing bondholders agree not to exercise their rights under the Notes and...

2013-05-14 08:23:19

WUXI, China, May 14, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech" or the "Company"), one of the world's largest producers of solar panels, today announced that it has received a notification from the New York Stock Exchange (the "NYSE") that it has failed to timely file its Form 20-F for the fiscal year ended December 31, 2012 (the "2012 Annual Report"). The Company had previously announced on May 1, 2013 that it required additional time to complete its 2012...

2013-05-01 08:23:14

Provides Updates on Restructuring Initiatives SAN FRANCISCO and WUXI, China, May 1, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) (the "Company" or "Suntech"), one of the world's largest producers of solar panels, today announced preliminary financial results for the fourth quarter and full year ended December 31, 2012. Preliminary results indicate that Suntech's shipments of photovoltaic (PV) products for the fourth quarter of 2012 declined by approximately...

2013-04-22 08:23:23

LONDON, April 22, 2013 /PRNewswire/ -- The technology sector struggled last week as some weak earnings results from major tech companies weighed down sentiment. Although this sector managed to finish higher on Friday, gains were limited. The tech sector closed 0.30% higher even as the S&P 500 posted gains of nearly 0.90%. Among the major movers within this sector on Friday were Suntech Power Holdings Co. Ltd. (NYSE: STP), TE Connectivity Ltd. (NYSE: TEL), Power One Inc....

2013-04-10 08:23:14

WUXI, China, April 10, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech Holdings" or the "Company") today announced that Suntech Power International Ltd. ("SPI"), the Company's principal operating subsidiary in Europe, has been granted a provisional moratorium for two months on creditor claims by the judicial authorities in Schaffhausen, Switzerland. SPI had applied for the provisional moratorium as a result of over-indebtedness, a requirement under...

2013-04-09 08:21:58

WUXI, China, April 9, 2012 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP) ("Suntech" or the "Company"), one of the world's largest producers of solar panels, today announced that it has been notified by the New York Stock Exchange (the "NYSE") that the Company did not meet the NYSE's price criteria for continued listing standard because, as of April 4, 2013, the average closing price of the Company's American Depositary Shares, or ADSs, was less than $1.00 per ADS over a...

2013-03-21 08:24:27

WUXI, China, March 21, 2013 /PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), or the "Company", today announced that the Wuxi Municipal Intermediate People's Court in Jiangsu Province, China has formally accepted the petition for the insolvency and restructuring of the Company's Chinese subsidiary Wuxi Suntech Power Co., Ltd. ("Wuxi Suntech"). The Court has appointed an administration committee, consisting of local government representatives and accounting and legal...