Date
17 October 2017

Suntech debts placed at 9.46 bln yuan, website says

Insolvency administrators have made a preliminary determination that Suntech Power Holdings Co. Ltd.’s total debt was 9.46 billion yuan (US$1.55 billion), news portal Caijing.com reported Wednesday, citing a company statement. The largest creditor is the China Development Bank, which is owed 2.37 billion yuan, while Bank of China Ltd. (03988.HK, 601988.CN) is owed 1.76 billion yuan, according to the statement. Meanwhile, Suntech’s secured claims amounted to 79.75 million yuan, the report said.

– Contact HKEJ at [email protected]

MY/AC/CG

 

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