Paul Hastings Represents Shunfeng Photovoltaic in its Acquisition of Wuxi Suntech
Hong Kong (May 5, 2014) - Paul Hastings, a leading global law firm, announced today that the firm represented Shunfeng Photovoltaic International Limited (“Shunfeng Photovoltaic”), a Hong Kong-listed high-tech enterprise focused on the research and development, manufacturing and sales of ingots, wafers, solar cells and solar modules, as its U.S. counsel in its US$482 million very substantial acquisition of the entire equity interests of Wuxi Suntech Power Co., Ltd. (“Wuxi Suntech”) from its PRC administrator.
Shunfeng Photovoltaic is the largest independent private solar provider of solar energy in China. Wuxi Suntech operates two production plants with annual production capacities of 1.6 GW for solar cells and 2.4 GW for solar modules. Before Wuxi Suntech went into administration, it was a subsidiary of Suntech Power Holdings Co.
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