BAODING, China, May 18, 2018 /PRNewswire/ -- Yingli Green Energy
Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the
"Company"), one of the world's leading solar panel manufacturers,
today announced that a PRC court has ruled that Baoding Tianwei
Yingli New Energy Company Limited ("Tianwei Yingli"), a subsidiary
of the Company, should repay the remaining principle and overdue
penalty of the medium-term notes due October
13, 2015 (the "2010 MTNs") and the principle, interest, and
overdue penalty of the medium-term notes due May 12, 2016 (the "2011 MTNs") issued by Tianwei
Yingli to one of the holders (the "Note Holder") of those MTNS, who
filed lawsuits against Tianwei Yingli to recover such amounts as
described in the Company's announcement dated on September 1, 2017. The principal amount of the
MTNs held by the Note Holder as recognized by the court was
RMB65.7 million, representing
approximately 3.7% of the total amount of the 2011 MTNs and 2010
MTNs that are still outstanding. The overdue penalties recognized
by the court would be calculated at a daily penalty interest rate
of 0.021% and will continue to accrue before actual payment
thereof. Tianwei Yingli plans to appeal the judgment while
continuing to seek a mutually beneficial solution with the Note
Holder out of court.
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known
as "Yingli Solar," is one of the
world's leading solar panel manufacturers. Yingli Green Energy's
manufacturing covers the photovoltaic value chain from ingot
casting and wafering through solar cell production and PV module
assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20
regional subsidiaries and branch offices and has distributed more
than 20 GW solar panels to customers worldwide. For more
information, please visit www.yinglisolar.com and join the
conversation on Facebook, Twitter and Weibo.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target" and
similar statements. Such statements are based upon management's
current expectations and current market and operating conditions,
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond Yingli Green Energy's control,
which may cause Yingli Green Energy's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in Yingli Green
Energy's filings with the U.S. Securities and Exchange Commission.
Yingli Green Energy does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
For further information, please contact:
Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
View original
content:http://www.prnewswire.com/news-releases/yingli-green-energy-announces-update-in-relation-to-medium-term-notes-300650905.html
SOURCE Yingli Green Energy Holding Company Limited