January 26, 2015 3:46 PM ET

Diversified Financial Services

Company Overview of Wuxi Guolian Development Group Co. Ltd.

Company Overview

Wuxi Guolian Development Group Co. Ltd. operates in the home appliances, financial services, environmental protection and textiles sector. The company is based in Wuxi, China.



Key Executives for Wuxi Guolian Development Group Co. Ltd.

Wuxi Guolian Development Group Co. Ltd. does not have any Key Executives recorded.

Wuxi Guolian Development Group Co. Ltd. Key Developments

Wuxi Guolian Development Group and Suntech Power Announces a Joint Venture

Wuxi Guolian Development Group planed to inject solar and other relevant businesses it holds into Suntech Power or cooperate with each other by building a joint venture.

Shunfeng Photovoltaic Bids For Suntech

Shunfeng Photovoltaic International Limited (SEHK:1165) has submitted a bid for Wuxi Suntech Power Co., Ltd. Shunfeng Photovoltaic said it had made a bid with the debt administrator of Wuxi Suntech for an equity stake in the unit as well as a proposal to restructure its US$1.75 billion debt on October 9, 2013. Shunfeng Photovoltaic said, "The possible acquisition is in line with the group’s expansion strategy and will enable the group to further strengthen its production capabilities of solar cells and modules". Jiangsu's bid was preferred over Wuxi Guolian Development Group Co. Ltd. after the administrator of the main unit of Suntech Power Holdings Co. evaluated the offerings, according to a statement posted on the Wuxi municipal government website. The final decision will be taken after a restructuring plan is approved by creditors.

Wuxi Guolian Reportedly To Acquire Suntech

Suntech Power Holdings Co. Ltd. (NYSE:STP) is poised to be taken over partly or entirely by Wuxi Guolian Development Group Co. Ltd., China, solar industry executives and a Wuxi official said on March 13, 2013. A woman answering the phone in the executive offices of the group headquarters of Wuxi Guolian, said that a deal had already been reached for the acquisition of Suntech. The woman declined to identify herself. Rory Macpherson, Suntech's Director of investor relations, declined to address a question about Wuxi Guolian, saying by e-mail only, ''It's our policy not to comment on market rumors.''

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Wuxi Guolian Development Group Co. Ltd., please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.