Suntech (STP -15.7%) crashes again following the company's admission that collateral promised to...


Suntech (STP -15.7%) crashes again following the company's admission that collateral promised to it for guaranteeing a $662M investment may not exist. Worsening matters if the fact the investment firm promising the collateral was managed by a former Suntech sales rep. Class-action suits are already underway, and the fiasco is prompting new questions about the governance standards of Chinese ADRs. YGE -10.4%.

Comments (1)
  • abdulaziz alhagbani
    , contributor
    Comment (1) | Send Message
     
    I believe the cause of the problem is lack of demand.
    31 Jul 2012, 03:20 PM Reply Like
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