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Shunfeng Photovoltaic has confirmed that the acquisition of Wuxi Suntech will not be completed in line with its original timeline.When the deal was announced in November 2013, the company said that a notice containing details of the transaction would be circulated by 20 Februar...... [More]

The RMB3 billion (US$492 million) bid from Shunfeng Photovoltaic International for Suntechs manufacturing arm has been accepted by the administrator of the flailing firm.Shunfeng announced that the balance of the bid would be paid once a court in Wuxi has approved the restruct...... [More]

Shunfeng Photovoltaic International has successfully acquired the PV manufacturing operations of Suntech Wuxi with administrator approval for around US$490 million. Suntech Wuxi had debts of more than US$2.3 billion.In a statement issued at the weekend, Shunfeng said the paymen...... [More]

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