Suntech Power Holdings Co. Ltd, whose main unit is in insolvency proceedings, said that it would delay filing full-year results for 2012 as it needs more time to restate its financial statements for the previous two years, Reuters reported yesterday. Suntech, which said revenue fell by an estimated 48 percent in 2012, had planned to file the restated results by April 30 but said that it would need more time to assess the impact of restructuring at its main unit in China, a moratorium on debt repayments in Europe and more time to continue its ongoing discussions with the holders of its 3 percent convertible notes. Suntech said it would meet creditors of its main manufacturing unit in China, Wuxi Suntech, on May 22.
