Suntech: Provisional liquidation
WUXI, China - Suntech Power Holdings Co., Ltd., one of the world's largest solar companies, today announced that the Grand Court of the Cayman Islands, the jurisdiction of its incorporation, has granted the Company's application for a provisional liquidation. Restructuring professionals selected by the Company from PricewaterhouseCoopers have been appointed to work with the Company's Board of Directors to continue progressing a restructuring of the Company. The restructuring professionals will be appointed with the consent and support of the Company and the Board of Directors with the ultimate goal of achieving the Company's restructuring in the best interest of all stakeholders.
The restructuring professionals will commence working with the Company immediately.
Ryan Scott Ulrich Public Relations and Investor Relations Ph: +86 510 8531 8654 Email: firstname.lastname@example.org
SOURCE: Suntech Power Holdings Co., Ltd.