Investor To Withdraw $90M Claim In Solar Plant Purchase Suit
By Hannah Sheehan ( January 28, 2016, 7:35 PM EST) -- Chinese solar investor United Photovoltaics Group Ltd. announced Wednesday that it will withdraw its HK$700 million ($90 million) arbitration claim against China-based Hareon Solar Technology Co. Ltd. over a failed 8.8 billion yuan ($1.3 billion) deal to purchase certain solar power plant projects....
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