Subscribe to our free daily newsletters
  Solar Energy News  




Subscribe to our free daily newsletters



SOLAR DAILY
China solar giant says president 'assisting' inquiries
by Staff Writers
Shanghai (AFP) April 12, 2016


The new president of Chinese solar giant Wuxi Suntech Power is "assisting an inquiry" at Customs' request, its parent said Tuesday after reports he had gone missing.

Tang Jun was only person from the company helping the investigation and the issue being probed remained unknown, a spokesman for Suntech's parent Shunfeng International Clean Energy (SFCE) told AFP on Tuesday, adding the firm's operations were "all normal".

Tang is the latest senior Chinese businessman to drop out of circulation for unclear reasons.

In January one of China's most prominent clothing firms, Metersbonwe, announced its chairman Zhou Chengjian had returned to work, a week after saying he had disappeared amid speculation he had been caught up in an insider trading investigation.

Weeks earlier Guo Guangchang -- chairman of Fosun, one of the country's biggest private-sector conglomerates -- had vanished from public view in connection with an investigation by authorities, before re-emerging.

Suntech Power was once the world's largest solar panel producer, at a time when Chinese manufacturers were flooding the global market with cheap products, causing trade disputes with the EU and US.

The firm collapsed in 2013 after it announced its main Chinese unit Wuxi Suntech would seek bankruptcy and restructuring, resulting in a bond default in the US worth over half a billion dollars.

The company later said it would receive a $150 million local government bailout and it was eventually bought by Hong Kong-listed Shunfeng for 3.0 billion yuan (now $462 million).

China Business News reported Tuesday that Tang had only taken up his position as president a few months ago and the inquiry could be linked to issues at his previous firm.

SFCE shares were down 1.32 percent in Hong Kong by the break.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links
All About Solar Energy at SolarDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
SOLAR DAILY
NREL raises rooftop photovoltaic technical potential estimate
Golden CO (SPX) Apr 07, 2016
Analysts at the Energy Department's National Renewable Energy Laboratory (NREL) have used detailed light detection and ranging (LiDAR) data for 128 cities nationwide, along with improved data analysis methods and simulation tools, to update its estimate of total U.S. technical potential for rooftop photovoltaic (PV) systems. The analysis reveals a technical potential of 1,118 gigawatts (GW) of c ... read more


SOLAR DAILY
Penn chemists lay groundwork for countless new, cleaner uses of methane

Dung, offal make clean gas at Costa Rica slaughterhouse

ORNL invents tougher plastic with 50 percent renewable content

The flexible way to greater energy yield

SOLAR DAILY
Touching a robot can elicit physiological arousal in humans

Private equity firm acquires iRobot defense business

Gestures improve communication - even with robots

Robot Technology Set to Invade Earth

SOLAR DAILY
Scotland generated most of its electricity in 2015 through renewables

RWE making bold moves in Scottish renewables

Wind energy growing, IEA report finds

Momentum building behind U.S. wind energy

SOLAR DAILY
Tesla recalls 2,700 Model X SUVs for seat problem

China firm boosts self-driving technology with $1 bn overseas deals

VW managers refuse to forego bonuses: report

Self-drive trucks 'future of Europe's busy highways'

SOLAR DAILY
Transition of copper-oxide compound studied in fine detail

Back to basics with thermoelectric power

Creation of Jupiter interior, a step towards room temp superconductivity

For rechargeable batteries that crush the competition, crush this material

SOLAR DAILY
Luxembourg offers cash to help close ageing French nuke plant

French nuclear plant could become electric car factory

Four of Japan's NPP operators seeking to reach deal on safety cooperation

Japan's only working nuclear reactors can stay online

SOLAR DAILY
Study shows best way to reduce energy consumption

US tech giants file brief in favor of Obama 'clean power' plan

Four killed at anti-China power plant protest in Bangladesh

Human impact forms 'striking new pattern' in Earth's global energy flow

SOLAR DAILY
US experimental forests chosen for US-China climate initiative

Major new project maps out woodland biodiversity

Massive deforestation found in Brazil's Cerrado

Maximum sentences for killers of Costa Rica environmentalist




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement