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Suntech Announces Strategic Investment in Shunda and 7GW Wafer Supply Agreement

Clipped to the Drawing Board by Yan Chu  
SAN FRANCISCO and WUXI, China - Suntech
Power Holdings Co., Ltd
, one of the world's leading
manufacturers of photovoltaic (PV) cells and modules, today announced that
it has acquired a minority stake in Shunda Holdings Co. Ltd, a manufacturer
of solar wafers based in China, from Actis, a leading private equity
investor in emerging markets, and Waichun Investment Fund, for a total
consideration of $98.9 million.
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Friday 30 May, 2008 08:09 AM
 
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