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Mainstream has three main operating subsidiaries in addition to MOLI: CoVibe TECH, Tertiary Productions and MOLI Kids.
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Suntech Power Holdings, based in Wuxi, was once the world's biggest solar panel producer but recently was forced to put its main operating subsidiary into bankruptcy.
ARMSTRONG HOLDINGS, Lancaster, Pa., which designs and manufactures floors and ceilings, said it would cut 56 employees at Armstrong World Industries, its main operating subsidiary, at the end of the month because of slower sales.
HONG KONG — Suntech Power, a Chinese manufacturer that became the world's largest producer of solar panels by 2011 only to be battered by plummeting prices, announced on Wednesday evening that its main operating subsidiary had been pushed into bankruptcy by eight Chinese banks.
This news followed the bankruptcy in March of Wuxi Suntech, the main operating subsidiary of the world's largest maker of solar panels, after it defaulted on a $541 million bond payment.
Ambac Assurance Corp. is its principal operating subsidiary.
The principal operating subsidiary of the Company is Jefferies & Company, Inc. (Jefferies).
Chemical Bank was the principal operating subsidiary of the Chemical Banking Corporation, a bank holding company.
The company's operations are conducted through its operating subsidiaries.
The principal international operating subsidiary of the Company is Jefferies International Limited.
Last week ABN AMRO, a Dutch bank, filed three writs against APP and its operating subsidiaries.
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