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Suntech Power Holdings Co. Ltd. Message Board

  • qiqi08 qiqi08 Mar 14, 2013 6:29 PM Flag

    If they don't pay the bonds, don't file chapter 11 tomorrow, then what?

    What will happen next week? I assume (40% left) bond holders will take some actions against STP. I am sure they will do this. Can STP still be trading at NYSE next week?

    Another thing is how bond holders make a deal with STP? They don't need to get 100% approval by bond holders, right? If they need 100%, then there will never be a deal since some shorts hold a small position of bonds too. Then what kind of numbers we are looking at? 75% or higher?

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