2013年3月7日星期四

Suntech and Global Solar Fund Capital Company reached a settlement


March 7, 2013 / PRNewswire / the world's largest manufacturers of solar modules Suntech Power Holdings Co., Ltd. (NYSE: STP) announced today that: Global Solar Fund Capital Company (referred to as the GSF Capital) for Suntech to provide guarantees relating to the dispute, has reached a settlement agreement with the Mr. of GSF Capital Javier Luo Miluo (Javier Romero).

Referred to in the settlement agreement: GSF Capital in the Global Solar Fund (called the Global solar panel Fund, SCA, Sicar) held all options to be transferred to Suntech Suntech increase from the 79.3% equity interest in the fund to 88.15%; same time, Dr. Shi has the Best (Regent) Asia Group Ltd. shares from 10.7% to 11.85%. After the completion of the relevant procedures of the Fund's equity change, Global Solar Fund merger with Suntech accounts.

In addition, Suntech will lift the of GSF Capital and Mr. Luo Miluo litigation. The settlement agreement does not involve recognition of of GSF Capital Javier (Javier Romero) Mr. Luo Miluo party legal responsibility.

Suntech CEO of Mr. Jin Wei said: "We are pleased to reach an agreement. Equity structure so that the Suntech able to completely control the Global solar cell Fund, in order to better manage and operate the fund invest in solar power station, creating for our shareholders maximum benefit. "

Suntech Power Holdings Co., Ltd. (NYSE: STP) is a leading global PV companies, the products are widely used in the field of residential, commercial buildings, industrial and public facilities. Suntech has regional headquarters in China, Switzerland and the United States, the manage global gigawatt-class production base.

Suntech has more than 1,000 customers from over 80 countries since its inception, more than 25 million of photovoltaic modules. Suntech is committed to innovative photovoltaic 
solar charge controller technology combined with rich natural resources, in order to achieve the goal of grid parity, solar inexhaustible, inexhaustible green energy into the tens of thousands of households.


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