Replies to post #984 on Suntech Power Holdings Co., Ltd.(fka STPFQ)

[GMONEY4]

Maybe this? idk.

Suntech Power Holdings Co., Ltd. (NYSE:STP), the Chinese maker of solar panels whose main unit is reorganizing in the Cayman Islands, told a Manhattan court that an involuntary bankruptcy petition against it in the U.S. could derail restructuring efforts.

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The creditors seeking the U.S. bankruptcy are a "tiny minority," holding only 0.27 percent of the company's outstanding debt, Suntech said in papers filed yesterday seeking to have the case dismissed.

The creditors' action could "derail the substantial progress Suntech has made in reaching a consensual restructuring with a wide array of its stakeholders, including a substantial percentage of its funded debt creditors," the company said.