Digital New Energy DataBM. Com learned that on June 20, the National Enterprise Bankruptcy Restructuring Case Information Network issued a notice on the public recruitment and selection of pre-restructuring investors in the pre-restructuring case of Wuxi Suntech Solar Power Co., Ltd.
According to the announcement, on May 26, 2025, the People's Court of Xinwu District, Wuxi City, Jiangsu Province, issued (2025) Su 0214 Decision No.37 to pre-restructure Wuxi Suntech Solar Power Co., Ltd. (Hereinafter referred to as "Wuxi Suntech") . On the same day, the court issued the same document "Pre-reorganization Administrator's Confirmation Letter", appointing Beijing Zhide Law Firm and Jiangsu Manxiu (Wuxi) Law Firm as pre-reorganization administrators .
In order to smoothly promote the pre-reorganisation of Wuxi Suntech, improve and enhance the sustainable operation and profitability of the Company, and safeguard and protect the fair compensation rights and interests of creditors, the pre-reorganisation administrator has decided to publicly recruit pre-reorganisation investors in accordance with the relevant provisions of the Enterprise Bankruptcy Law of the People's Republic of China.
This recruitment of reorganization investors requires that the intended investors or their controlling shareholders should have sufficient financial strength to participate in the pre-reorganization investment. If it is a legal person or an unincorporated organization, the paid-in registered capital shall not be less than 500 million yuan , and the scale of consolidated net assets in the latest fiscal year shall be more than 10 billion yuan. At the same time , the asset liability ratio is not higher than 70% . In terms of
registration and establishment, the intended investor or its holding subsidiary (with a shareholding ratio of more than 67%) shall undertake to establish a subsidiary in Xinwu District of Wuxi City as the main body of direct investment, and the paid-in registered capital of the subsidiary shall not be less than 300 million yuan.
The announcement disclosed that Wuxi Suntech was founded on January 22, 2001, focusing on the research and development and production of solar cells and components, and is one of the earliest manufacturers of photovoltaic products . At present, 9 PV module production lines have been built , with a capacity of 5.50GW.
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