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Hysolar moves to take control of Suntech
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Hysolar moves to take control of Suntech
Hongyuan Green Energy (Hysolar) says it plans to take control of Wuxi Suntech Solar Power through a court-led restructuring that transfers core assets into a new entity while isolating legacy debt.Hongyuan Green Energy has signed a restructuring investment agreement to acquire control of Wuxi Suntech Solar Power, according to a filing to the Shanghai Stock Exchange. The plan, approved by creditors on March 24, still requires formal court approva…
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