Former Suntech chairman Shi Zhengrong, a China-born Australian national, returned home after earning a Ph.
FORBES: One-Time China Solar Industry Icon Suntech Says It Has Defaulted On $541 Mln Of Debt
Suntech is selling the two new silicon solar panels in North and Latin America first.
FORBES: Suntech's Bid To Outshine Solar Rivals In Cost and Performance
Major solar panel makers include First Solar, Suntech Power, Trina Solar, Sharp and SunPower.
When Suntech first announced the plan to open the factory, located in Goodyear, Ariz.
FORBES: Suntech Cuts Back Solar Production, Lays Off 50 In Arizona
Off 60% from its 52-week highs, Suntech trades at a price-earnings ratio of 26.
Suntech will be supplying solar power to Beijing's Bird Nest Stadium for the 2008 Summer Olympics.
Suntech's founder and chief executive, Zhengrong Shi , owned 56.9 million shares of the company.
FORBES: Solar module maker has better-than-expected sales in Q4.
King did not identify those parties and Suntech executives did not take questions during the call.
FORBES: Chinese Solar Giant Suntech Says It May Be Victim Of $690 Million Fraud
On Tuesday, Suntech said it had obtained a court order freezing the assets of GSF.
FORBES: Suntech Founder Steps Down As CEO Of World's Largest Solar Company
And earlier this month, another top Suntech executive, chief commercial officer Andrew Beebe, resigned.
Four Chinese firms warned against escalating trade tensions on Thursday - Yingli, Suntech, Trina and Canadian Solar.
Ergo, Suntech has concluded that financial information for 2010, 2011 and Q1 2012 need to be restate.
FORBES: Suntech Q3 Revs Miss; Italian Solar Scandal Spurs Restatement
Like other solar companies, Suntech is struggling to cope with falling prices, soft demand and excess supply.
Profits have eluded many of the major solar panel makers for several quarters now, however, including Suntech.
FORBES: Suntech Cuts Back Solar Production, Lays Off 50 In Arizona
China's Suntech, which was founded in 2001, is the third-largest manufacturer of solar cells in the world.
The money for Suntech is reportedly a bridge loan to help repay some of its loan interests.
FORBES: China's Government To the Rescue As Solar Crisis Deepens
In September, Suntech announced it would cut 1, 500 jobs and reduced production plans for the fourth quarter.
FORBES: China's Government To the Rescue As Solar Crisis Deepens
Suntech, a Chinese solar-power company, has established a low-carbon museum to celebrate ways of reducing carbon-dioxide emissions.
Polly Shaw, the director of external relations for SunTech America, says that prices could get there by 2012.
Suntech faces a 35.97% tariff for bringing solar cells from China and assembling them into panels in Arizona.
FORBES: Suntech Cuts Back Solar Production, Lays Off 50 In Arizona
One of the biggest gainers over the same time period was Suntech, whose share rose to 12% from 5%.
In 2008, Suntech took at 80% stake in Global Solar, a company created to invest in solar energy projects.
FORBES: Will Suntech Shares Get Wiped Out? Analyst Sets $0 Target
Suntech announced last week that it would close its plant in Goodyear, Arizona.
FORBES: One-Time China Solar Industry Icon Suntech Says It Has Defaulted On $541 Mln Of Debt
Suntech closed yesterday at 86 cents a share, close to a 52-week low.
FORBES: Suntech Q3 Revs Miss; Italian Solar Scandal Spurs Restatement
Developments such as the Suntech default are pushing U.S. fund managers to be highly picky in buying Asian bonds.
Suntech will be one of many manufacturers to lower or shutter factories in the U.S., according to GTM Research.
FORBES: Suntech Cuts Back Solar Production, Lays Off 50 In Arizona
Suntech's founder said he was improperly removed as chairman and was committed to staying at the Chinese solar company.
More established players Suntech and Sharp hold the top two market share spots.
Still, over the past year Suntech stock has lost 83.4% of its value.
FORBES: Solar module maker has better-than-expected sales in Q4.
That means Shi would probably lose the 30% of Suntech shares he owns.
FORBES: China's Government To the Rescue As Solar Crisis Deepens
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