Fri, Mar 6, 2015, 11:54 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Suntech Power Holdings Co. Ltd. Message Board

  • harsport1967 harsport1967 Sep 25, 2012 8:08 AM Flag

    Bankruptcy Averted

    Out this morning on Bloomberg. This could be huge:

    "China Development Bank Corp. renewed its pledge of credit support for the nation’s largest solar companies amid a global supply glut and anti-dumping complaints in the U.S. and Europe.
    The lender has completed its recommendations on further strengthening financial support for the sector with priority given to 12 companies, the official China Securities Journal reported today, citing an unidentified person.
    The recommendations, which reaffirm lending targets set earlier this year for the solar sector, ensure credit quotas for the 12, which are the industry’s largest and most advanced including Suntech Power Holdings Co. (STP), Trina Solar Ltd. (TSL) and Yingli Solar Co., the newspaper said.
    China Development Bank, which lends to support state policies, will soon submit the recommendations to the National Development and Reform Commission for approval, the newspaper said, citing the person.
    Feng Qihua, a spokeswoman for China Development Bank in Beijing, wasn’t immediately available to comment when contacted by telephone."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
STPFQ
0.193-0.002(-1.03%)Mar 6 3:48 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.