Wednesday, May 21, 2014

Suntech Files 6-K With "Updates" On Restructuring $STPFQ

Latest. Some highlights:

  • Mr. Kim Liou has provided notice of his resignation as General Counsel with such resignation to be effective May 26, 2014. His resignation is for personal reasons.
  • arranged and obtained permission of the Grand Court to obtain a $7 million loan from Suntech America, Inc. (“Suntech America”) to fund the restructuring of the Suntech Group; the JPLs do not anticipate that funding from Suntech America will be sufficient to fund the entire costs of the provisional liquidation and therefore will likely require additional funding in the future to cover provisional liquidation;

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