Wuxi Suntech's debts reach $2.88 billion

Updated: 2013-05-23 13:36

(China Daily)

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The restructuring team of Wuxi Suntech, a subsidiary of global solar equipment manufacturing giant Suntech Power Holdings Co Ltd, said Wuxi Suntech's debts totaled at 17.396 billion yuan ($2.88 billion), Economic Observer Online reported on Wednesday.

Twelve banks registered outstanding loans of 7.651 billion yuan, according to sources at the first creditors' meeting held on Wednesday.


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