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a subsidiary of Chinese solar power manufacturer Yingli has withdrawn its appeal against having to settle $9.5m worth of notes that were due in 2015 and 2016

Yingli backs down in $9.5m unsettled notes case

The struggling Chinese manufacturer has withdrawn its appeal against a Chinese court decision it must repay medium term notes it failed to honor in 2015 and 2016. Yingli is struggling to stay afloat after a series of disastrous financial updates.

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