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Both parties were said to have agreed to end discussions on the potential US$760 million deal, which comes at the same time SFCE warned investors that it expected to generate losses of around US$133 million in 2016. Image: Wuxi Suntech

Both parties were said to have agreed to end discussions on the potential US$760 million deal, which comes at the same time SFCE warned investors that it expected to generate losses of around US$133 million in 2016. Image: Wuxi Suntech

Diversified renewables firm Shunfeng International Clean Energy (SFCE) has terminated a MOU with its major shareholder and Hong Kong property tycoon, Kin Ming Cheng over the potential sale of its solar manufacturing operations, which includes Wuxi Suntech.

Both parties were said to have agreed to end discussions on the potential US$760 million deal, which comes at the same time SFCE warned investors that it expected to generate losses of around US$133 million in 2016.

SFCE had signed a non-legally binding memorandum of understanding with Asia-Pacific (China) Investment Management Ltd, owned by Cheng back in June, 2016. The company had not provided any updates on the discussions in the interim period.

Tags: shunfeng, c-si manufacturing, solar cell, pv modules, wuxi suntech

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