Suntech prepares asset sale and major investor takeover

Saturday, 8.31.2013 - 14:32 (PV-Tech)

Distressed capital management firms, Clearwater Capital Partners and Spinnaker Capital are working with Suntech Power Holdings to prepare a major restructuring plan for the ailing PV module manufacturing, including downsizing through asset sales and a recapitalization that could mean majority share takeover by unidentified investors. Read more