The restructuring team of Wuxi Suntech, a subsidiary of global solar equipment manufacturing giant Suntech Power Holdings Co Ltd, said Wuxi Suntech's debts totaled at 17.396 billion yuan ($2.88 billion), Economic Observer Online reported on Wednesday.
Twelve banks registered outstanding loans of 7.651 billion yuan, according to sources at the first creditors' meeting held on Wednesday.
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Creditors meeting for Suntech subsidiary
Suntech may sell Italian assets to fund restructuring
Solar giant LDK defaults on $24m bond
Suntech rises on buyout rumors
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