Chinese local govt lends $32 mln to solar firm Suntech - report
| Reuters
Banks in Wuxi, Jiangsu province, have extended
new loans totalling 200 million yuan ($31.73 million) to locally
headquartered solar power giant Suntech Power Holdings Co Ltd, the
Shanghai government-owned China Business News reported on Friday, citing anonymous sources.
Suntech, the world's largest maker of solar panels, whose
shares hit a high of $90 in early 2008, runs the risk of being
removed from the New York Stock Exchange for failing to keep the
average closing price of its shares higher than $1 over the last
30 trading days as of Sept. 10, Suntech said in a statement on
Sept. 21.
More bailouts...this is getting real interesting.
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