30 Sep '15, 12pm

Yingli Green struggling to repay looming debt: Struggling Silicon Module Super League (SMSL) member Yingli Gre...

Yingli Green has said it will have to restructure a repayment plan for US$157 million, due in October. Struggling Silicon Module Super League (SMSL) member Yingli Green has said it will have to restructure a repayment plan for US$157 million, due in October. Previously, Yingli Green had said it expected to honour the mid-term debt by selling land rights held by the company back to the local provincial government in China in connection to its polysilicon plant, Fine Silicon. The company also planned to sell some equity interests in joint ventures to further support liquidity in the second-half of the year. Yingli Green noted that it expected to receive around US$138 million from the land rights sale. However, the proceeds of the sale would neither be received before the US$157 million debt is due nor would the proceeds be fully received by the end of the year. Yingli Green ...

Full article: http://www.pv-tech.org/news/yingli_green_struggling_to_re...

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