LDK Solar

Chinese bank files suit against LDK for unpaid loan
In a sign that cracks are appearing in China’s steadfast support for its ailing solar manufacturers, LDK Solar has been sued by Shanghai Rural Commercial Bank for overdue loans worth 100 million yuan (USD16 million), reports the Economic Information Daily.
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JA Solar and LDK struggle to avoid US delisting
Following in the footsteps of Suntech Power Holdings, two more of China’s top solar photovoltaic manufacturers are seeking to avoid having their American depository receipts (ADRs) delisted on US securities markets.
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Chinese solar prospects up as gov’t announces further support
Chinese stocks rallied in Shanghai and New York on Monday with green stocks showing the most gain after dropping for five consecutive days.
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LDK replaces CEO and board members in turn-around effort
PV manufacturer LDK Solar yesterday announced the promotion of Xingxue Tong from his current position as President, Chief Operating Officer to CEO with immediate effect.
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LDK begins sell-off in order to prop up ailing balance sheet
China’s LDK Solar in another move aimed at improving its eroding balance sheet agreed last week to sell off three solar plants at its manufacturing sites to Henan Xindaxin Materials for 140 million yuan (USD22.4 million), according to a report in Bloomberg.
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LDK rebounds on share sale to Chinese investors
LDK Solar Co. the second-biggest maker of solar PV wafers rose the most in almost a year after Chinese investors purchased a minority stake in the company, according to Bloomberg.
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Lenders cut LDK Solar major shareholder some slack
US-listed LDK Solar’s controlling shareholder, LDK New Energy Holding, has reached an agreement with its lenders, which will refrain from exercising their power of sale for 12 months.
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LDK’s latest downgrade puts prospects into question
China’s second largest solar PV maker, Jiangxi-based solar equipment manufacturer has announced another quarter of disappointing results and lowered its full year forecast as trouble’s in the country’s solar industry continue to mount.
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LDK chalks up $169 mln loss for H1 2012
Chinese solar wafer firm, LDK Solar Company, yesterday reported a massive loss of 1.08 billion yuan (USD169 million) for the first half of 2012.
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Money down the drain
Questions arise as Chinese city bails out foundering LDK Solar
CleanBiz.Asia Staff
July 18, 2012
A Chinese municipality has found itself in the middle of a controversy revolving around the bailout of its biggest local enterprise, LDK Solar, using municipal funds, according to website MorningWhistle.com. The website says  that on July 12 the Xinyu municipal government passed a bill to provide municipal fiscal  revenue to “star company” LDK Solar to cover its 755 million yuan (USD118.42 million) liability to Huarong International Trust Co.
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