Aug. 28 (Bloomberg) -- Shanghai Chaori Solar Energy Science & Technology Co., which in March became the first company to default in China’s onshore bond market, has begun making solar panels again.
The revival was confirmed by Vice President Liu Tielong in a phone interview after an earlier report in the 21st Century Business Herald. Liu declined to provide more information.
Chaori Solar outsourced cell manufacturing to three other photovoltaic makers after resuming production, the report said, citing people it didn’t identify.
In April, Chaori said it had halted work at its headquarters in Shanghai and was looking for new business partners.
Chaori’s restructuring talks with the government continue, according to the Business Herald report.
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