i drew chaori cuz she spooked my moot
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i drew chaori cuz she spooked my moot
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6th sketch raffle winner: madrino! They requested their kaeroki Chaori!
The latest deal involving an insolvent solar panel maker is seeing a group led by GCL-Poly Energy take control of bankrupt Chaori Solar, in a takeover that looks slightly ominous but also potentially interesting for investors.
The solar power sector has become a highly volatile place these days, with company stocks rallying one week on upbeat news, only to tumble days later on more downbeat signals.
Yingli’s move to raise capital in New York signals Beijing will take a laissez faire approach to the solar sector as it claws its way back to health.
Shares of major solar panel makers are set for a correction this year after a 2013 rally and as their growth slows, while smaller players are likely to face a growing cash crunch.
BBC News - Chaori Solar in landmark Chinese bond default
BBC News – Chaori Solar in landmark Chinese bond default
Solar panel maker Shanghai Chaori Solar Energy Science & Technology has defaulted on interest payments owed on its bond, say media reports quoting the firm.
It is the first Chinese firm ever to default on its onshore corporate bonds.
On Tuesday, the firm warned it would be unable to make a 89.8 million yuan ($14.6m; £8.7m) interest payment on a one billion yuan bond issued in 2012.
The default…
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