Suntech (STP) -38.5% premarket as the Chinese solar panel maker confirms a group of eight...

|About: Suntech Power Holdings Co.,... (STP)|By:, SA News Editor

Suntech (STP) -38.5% premarket as the Chinese solar panel maker confirms a group of eight Chinese banks filed a petition for insolvency and restructuring of its Chinese subsidiary Wuxi Suntech Power Holdings; the parent company has not commenced bankruptcy proceedings.