Panda Green’s hopes of postponing debt are dashed
The heavily-indebted, Chinese state-owned solar project developer now has ten days to rustle up $242 million after a debt restructuring proposal was accepted by less than a third of its creditors.
Panda Green extends deadline for accepting debt restructuring proposal
The indebted developer has been forced to extend the period during which the holders of $350 million of senior notes can decide whether to delay settlement by two years.
Panda Green bids to postpone looming payment for $350m senior notes
The debt-saddled Chinese PV developer hopes the holders of notes due to mature next month will be persuaded to hold off settlement for two years as it awaits a shareholder vote related to its latest proposed injection of public funds.
Singyes Solar figures tell story of a dramatic year in Chinese solar
The PV project developer and BIPV manufacturer has seen a glowing set of first-half figures published last year become a nightmare of lost income, debt defaults and frozen bank deposits. All eyes now turn to the business’ high court date on Wednesday.
Singyes Solar shares suspended as it misses first-half results deadline
The embattled solar manufacturer – which is facing a winding-up petition lodged by Deutsche Bank Hong Kong – says it failed to publish the six-month update by the weekend because of a delay in producing its annual results for last year.
Embattled Singyes Solar outlines debt restructuring plan
The project developer and BIPV maker wants creditors to agree to postpone settlement of their debts for three years and will offer a financial incentive – provided a proposed Chinese state-backed bailout is voted through by its shareholders.
