Yingli Said to Get 3.3 Billion Yuan in Loans Amid Restructuring

  • China Development Bank to extend about 2.5 billion yuan loan
  • Yingli to sell off some businesses and focus on photovoltaics

Struggling Chinese solar-panel maker Yingli Green Energy Holding Co. will get about 3.3 billion yuan ($508 million) in loans from a state bank and the government where it’s based as it looks to pay off old debts and restructure operations, said a person familiar with the matter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.