Tianwei Sichuan Silicon Fails to Repay $23.6 Million Loan
The company has to pay an additional 120 million yuan in the outstanding principal due Nov. 30, Tianwei’s stakeholder, Sichuan Minjiang Hydropower Co., said in a filing to the Shanghai stock exchange. Minjiang Hydropower has a 14 percent stake in Tianwei Silicon.
Tianwei Sichuan suspended production in 2011, Minjiang said in a Dec. 15, 2011 filing.
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