suntech power holdings-adr (STPFQ) Key Developments
Suntech Power Co., Ltd. and Adani Power Ltd. Collaborate to Develop Solar Energy in India
Aug 19 15
Suntech Power Co. Ltd. has announced that it will further collaborate with Adani Power Ltd. in developing solar energy in India. Suntech has agreed to supply approximately 200 MW of solar panels towards a project that will be developed, designed, built, and operated by Adani Power. The project, which is currently in pre-development in the Tamil Nadu state in Southern India, is expected to be operational by 2016.
Xiong Haibo Joins as President of Suntech
Feb 17 15
Suntech announced that Xiong Haibo has been appointed president and he will in charge of management. Xiong has served the company for ten years. He will help expand business through upgrade production and automatic process.
Suntech Power Holdings Co. Ltd. Announces Resignation of Deyong He as Acting Chief Financial Officer Effective on July 1, 2014
Aug 5 14
Suntech Power Holdings Co. Ltd. announced that Mr. Deyong He, acting Chief Financial Officer of the company, on June 25, 2014, submitted a letter of resignation, effective July 1, 2014. Mr. He will maintain his position as a member of the Board of Directors of the company. With the departure of Mr. He, the company's global accounting functions will leverage off existing resources, as directed by the JPLs. The JPLs are proposing to restructure the Company's global accounting functions, and manage the functions of the CFO until a candidate is selected to fill the vacancy.
Suntech Power Holdings Provides Update with Respect to NYSE Appeal
Feb 14 14
Suntech Power Holdings Co., Ltd. announced that the NYSE's Committee for Review has upheld a decision previously made by NYSE Regulation, Inc. to commence delisting proceedings of the Company's American Depositary Shares. The Company expects a Form 25 (Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934) will be filed shortly with the U.S. Securities and Exchange Commission to delist the Company's American Depositary Shares. As previously announced, trading of the Company's American Depositary Shares has been suspended by the NYSE since November 11, 2013. Quotations of the Company's American Depositary Shares have been, and the Company expects will continue to be, available on the OTC market under the symbol "STPFQ".
Suntech Power Holdings Co. Ltd. Appoints Michael Pearson to Board of Directors
Feb 5 14
Suntech Power Holdings Co. Ltd. announced that it has added a fifth member to its Board of Directors, Mr. Michael Pearson. Mr. Pearson will join Messrs. Michael Nacson, Kurt Metzger, Dr. Zhengrong Shi and Deyong He on Suntech's Board. Mr. Pearson is the co-founder of Fund Fiduciary Partners Limited, a Cayman Islands based company. From 2008 to 2012 Mr. Pearson was a Director at a Big Four accounting firm in the Cayman Islands where he led the investment fund restructuring practice and personally ran a large number of funds experiencing difficulties towards the end of their lives.