Suntech to Commence Preparations for Implementing Recapitalization Plan
August 31, 2013 at 09:01 AM EDT
Suntech Power Holdings Co., Ltd. (NYSE: STP ) announced that following productive discussions with its key stakeholders earlier this week in China, an understanding has been reached with its Creditor Working Group led by Clearwater Capital Partners and Spinnaker Capital Limited for restructuring the Company. The Company intends to immediately