ST Golden Solar: The draft restructuring plan for Suzhou Golden Solar has been released

Zhitong
2025.09.30 10:54

*ST Golden Solar announced that the restructuring plan draft of its subsidiary Suzhou Golden Solar Fireproof Steel Profile System Co., Ltd. has been released. The draft provides various debt repayment resources and improves the debt repayment rate. Secured creditors will be repaid in cash within the priority repayment scope, while employee claims, social security claims, and tax claims will be fully repaid. Ordinary claims will be settled through "cash repayment in the current period + debt-to-equity swap," and subordinated claims will not have any repayment resources arranged. After the completion of the restructuring plan, the corporate legal status and market entity qualifications of Suzhou Golden Solar will remain unchanged, still being a subsidiary of Golden Solar

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2025 Longbridge｜Disclaimer