Ldk Solar Co. Ltd (LDKYQ) 0.0249 $LDKYQ
LDK Solar Announces Onshore Restructuring
PR Newswire - Wed Nov 18, 1:15PM CST
LDK Solar CO., Ltd. ("LDK Solar" or the "Company", OTC Pink: LDKYQ) today announced that the Intermediate People's Court in Xinyu City of Jiangxi Province (the "Xinyu Intermediate Court"
, on November 17, 2015, pursuant to the Enterprise Bankruptcy Law of the People's Republic of China (the "PRC Bankruptcy Law", has accepted the applications by Xinyu City Chengdong Construction and Investment Corporation ("Xinyu Chengdong" and China National Grid (Jiangxi Province) Corporation Ganxi Power Branch ("Ganxi Power" and, together with Xinyu Chengdong, the "Applicants" against four onshore subsidiaries of LDK Solar (the "Respondents" in the People's Republic of China, namely Jiangxi LDK Solar Hi-Tech Co., Ltd., LDK Solar Hi-Tech (Xinyu) Co., Ltd., Jiangxi LDK PV Silicon Technology Co., Ltd. and Jiangxi LDK Solar Polysilicon Co., Ltd., for enforcement of payments in the aggregate amount of Rmb 281,581,675 relating to borrowings and project fees due and payable by the Respondents to Xinyu Chengdong and Rmb 53,473,487 relating to electricity charges due and payable by the Respondents to Ganxi Power and for a bankruptcy restructuring of each of the Respondents.
LDK: (), NGG: 70.13 (+0.58)
LDK Solar Announces Resignation and Appointment of President and CEO
PR Newswire - Fri Nov 13, 12:15PM CST
LDK Solar CO., Ltd. ("LDK Solar" or the "Company", OTC Pink: LDKYQ) today announced the resignation of Mr. Xingxue Tong as President and Chief Executive Officer, effective immediately, for his personal reasons. The Company's Chairman, Mr. Zhibin Liu, will assume as the President and Chief Executive Officer of LDK Solar. In the meantime, the Company will retain Mr. Tong, and Mr. Tong has agreed to be so retained, as a senior consultant to LDK Solar, to ensure a smooth transition in the management of the Company.
LDK Solar Announces Annual General Meeting Results
PR Newswire - Thu Jul 23, 2:15AM CDT
LDK Solar CO., Ltd. ("LDK Solar", OTC Pink: LDKYQ) today announced the results of its Annual General Meeting ("AGM" held on July 9, 2015 in Xinyu City of Jiangxi Province. At the AGM, the shareholders in attendance approved the resolutions proposed in the AGM notice relating to (i) the adoption of the 2014 annual report, (ii) the re-election of Mr. Shi-an Wu as an independent director, and (iii) the re-appointment of KPMG as LDK Solar's outside auditors for fiscal year 2015.
LDK Solar Announces Appointments of New Chairman and Directors and Resignation of a Director
PR Newswire - Thu Jun 25, 2:15AM CDT
LDK Solar CO., Ltd. ("LDK Solar", OTC Markets: LDKYQ), today announced that the LDK Solar board of directors has elected Mr. Zhibin Liu as its new Chairman, and appointed Messrs. Yunsong Ao and Yan Xiong, both executive vice presidents of the Company at present, as additional directors to its board, effective immediately. At the same time, Mr. Xingxue Tong, President and Chief Executive Officer, and Interim Chairman previously, resigned from his directorship, but will remain as the President and CEO of the Company. With these changes, the number of the LDK Solar board of directors is eight.
LDK Solar Announces Issue of Scheme Consideration to Ordinary Scheme Creditors
PR Newswire - Wed May 06, 2:15AM CDT
LDK Solar CO., Ltd. ("LDK Solar" or the "Company", today announced that the supervisors, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited (the "Scheme Supervisors", of the scheme of arrangement in respect of LDK Solar (the "LDK Solar Scheme" designated April 27, 2015 as the payment date for all Ordinary Scheme Creditors (as described in the LDK Solar Scheme) that elected to receive a cash distribution under the LDK Solar Scheme. The Scheme Supervisors have paid all such Ordinary Scheme Creditors who provided settlement instructions and continue to make cash distributions as and when further settlement instructions are received.
LDK Solar Announces Receipt of Deal of the Year Award for Offshore Restructuring
PR Newswire - Tue May 05, 2:15AM CDT
LDK Solar CO., Ltd. ("LDK Solar" or the "Company" today announced that, on April 28, 2015, the LDK Solar offshore financial restructuring was awarded "Cross Border Deal of the Year - U.S.-Asia Region" at the 7th Annual International M&A Awards by The M&A Advisor.
LDK Solar Announces Successful Conclusion of Provisional Liquidation
PR Newswire - Wed Apr 08, 12:15PM CDT
LDK Solar Co., Ltd. in provisional liquidation ("LDK Solar" or the "Company" and its Joint Provisional Liquidators ("JPLs", Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, today announced that on April 7, 2015 the Grand Court of the Cayman Islands ordered that, effective on April 21, 2015, the JPLs will be discharged from their duties and the winding up petition presented by the Company on February 21, 2014 will be dismissed.
LDK Solar Announces Extraordinary General Meeting Results
PR Newswire - Thu Jan 22, 3:15PM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar", OTC Pink: LDKYQ) today announced the results of its Extraordinary General Meeting ("EGM" held on January 22, 2015 in Hong Kong. At the EGM, the shareholders in attendance approved all of the resolutions proposed in the EGM notice, including: the adoption of the 2013 annual report; the confirmation and re-election of directors, Maurice Wai-fung Ngai (independent director), Ceng Wang (independent director) and Shi Chen (non-executive director). The total number of members of the board of directors of LDK Solar remains at seven. KPMG was re-appointed as LDK Solar's outside auditors for fiscal year 2014. The EGM also approved an amendment to LDK Solar's memorandum of association to increase its authorized share capital to US $500,000,000.
LDK Solar Announced Successful Completion of Hydrochlorination Project
PR Newswire - Mon Jan 05, 2:15AM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar", OTC Pink: LDKYQ) announced today that, its polysilicon plant located in Mahong, Jiangxi completed its hydrochlorination reengineering project and successfully produced trichlorosilane during its first production run on December 27, 2014. Trichlorosilane is the most critical material for polysilicon manufacturing process. The trichlorosilane produced by Mahong Plant meets the national standard of the People's Republic of China. Moreover, the hydrochlorination process is clean, environmentally friendly with lower manufacturing costs.
LDK Solar Enters into Settlement and Mutual Release with SPI
PR Newswire - Wed Dec 31, 3:15PM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar" announced today that, its subsidiary, LDK Solar International Company Limited ("LDK Solar HK", has entered into a settlement and mutual release agreement with Solar Power, Inc. ("SPI", an associate with approximately 30% equity investment by LDK Solar. Pursuant to the arrangement, LDK Solar HK agreed to release and discharge SPI from all actions, claims, demands, damages, obligations, liabilities, controversies and executions arising out of SPI's payables of approximately $46 million to LDK Solar HK and subsidiaries, in exchange for a settlement amount of $11 million, in addition to the $17 million already paid by SPI. Pursuant to the settlement and mutual release agreement, SPI will pay the $11 million additional settlement amount in seven installments before December 31, 2015 in accordance with an agreed schedule. Unless extended with mutual agreement, LDK Solar HK is entitled to revoke the settlement arrangement should SPI default in the payment of any agreed installment for more than 30 days.
LDK Solar Confirms Closing Date of Restructuring Transactions
PR Newswire - Thu Dec 18, 2:15AM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar" announced today that, pursuant to the terms of the Cayman Islands schemes of arrangement in respect of LDK Solar and LDK Silicon & Chemical Technology Co., Ltd. ("LDK Silicon" and the Hong Kong schemes of arrangement in respect of LDK Solar, LDK Silicon and LDK Silicon Holding Co., Limited (the "Schemes", the closing date for the restructuring transactions in respect of LDK Solar's senior noteholders and preferred shareholders, as contemplated in the Schemes, occurred on December 17, 2014.
LDK Solar Announces New Module Sales Agreement
PR Newswire - Fri Dec 12, 2:15AM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar" or the "Company" today announced that its Chinese subsidiary, LDK Solar Hi-Tech (Nanchang) Co., Ltd. ("LDK Solar Nanchang", has signed a new module supply agreement with Ningxia Hui Autonomous Region Electric Power Design Institute, a leading EPC company in China and owned by Power Construction Corporation of China. Under terms of the agreement, LDK Solar Nanchang will provide modules totaling 30.6 megawatts for a solar project in Ningxia with shipments commencing immediately.
LDK Solar Schemes of Arrangement Become Effective
PR Newswire - Wed Dec 10, 10:59PM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar" and its Joint Provisional Liquidators ("JPLs", Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that the Cayman Islands schemes of arrangement in respect of LDK Solar and LDK Silicon & Chemical Technology Co., Ltd. ("LDK Silicon" and the Hong Kong schemes of arrangement in respect of LDK Solar, LDK Silicon and LDK Silicon Holding Co., Limited (the "Schemes" became effective as of December 10, 2014. The Cayman Islands schemes of arrangement were previously sanctioned by the Grand Court of the Cayman Islands (the "Cayman Court", and the Hong Kong schemes of arrangement were previously sanctioned by the High Court of Hong Kong.
LDK Solar's US Chapter 11 plan confirmed
M2 - Mon Nov 24, 7:11AM CST
LDK Solar CO Ltd in provisional liquidation (LDK Solar) (OTC:LDKSY) and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced on Monday that on 21 November 2014, Judge Peter J. Walsh of the US Bankruptcy Court for the District of Delaware entered an order confirming the prepackaged plan of reorganisation (the Chapter 11 Plan) for the three US subsidiaries of LDK Solar, namely LDK Solar Systems Inc, LDK Solar USA Inc and LDK Solar Tech USA Inc. (collectively, the US debtors).
LDK Solar Announces Confirmation of U.S. Chapter 11 Plan, Recognition of Cayman Islands Proceeding and U.S. Enforcement of Cayman Islands Scheme of Arrangement
PR Newswire - Mon Nov 24, 2:15AM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar" and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that, on November 21, 2014, Judge Peter J. Walsh of the United States Bankruptcy Court for the District of Delaware (the "U.S. Bankruptcy Court" entered an order (the "Confirmation Order" confirming the prepackaged plan of reorganization (the "Chapter 11 Plan" for the three U.S. subsidiaries of LDK Solar -- LDK Solar Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc. (collectively, the "U.S. Debtors". The U.S. Debtors previously filed voluntary petitions in the U.S. Bankruptcy Court on October 21, 2014 to reorganize under Chapter 11 of the United States Bankruptcy Code.
LDK Solar Announces Sanction of Hong Kong Schemes
PR Newswire - Tue Nov 18, 10:15AM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar" and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that, on November 18, 2014, the High Court of Hong Kong sanctioned the Hong Kong schemes of arrangement of LDK Solar and its subsidiaries, LDK Silicon & Chemical Technology Co., Ltd. and LDK Silicon Holding Co., Limited, each as previously approved by scheme creditors at their class meetings held on October 17, 2014.
LDK Solar Announces Onshore Restructuring
PR Newswire - Wed Nov 18, 1:15PM CST
LDK Solar CO., Ltd. ("LDK Solar" or the "Company", OTC Pink: LDKYQ) today announced that the Intermediate People's Court in Xinyu City of Jiangxi Province (the "Xinyu Intermediate Court"
, on November 17, 2015, pursuant to the Enterprise Bankruptcy Law of the People's Republic of China (the "PRC Bankruptcy Law", has accepted the applications by Xinyu City Chengdong Construction and Investment Corporation ("Xinyu Chengdong" and China National Grid (Jiangxi Province) Corporation Ganxi Power Branch ("Ganxi Power" and, together with Xinyu Chengdong, the "Applicants" against four onshore subsidiaries of LDK Solar (the "Respondents" in the People's Republic of China, namely Jiangxi LDK Solar Hi-Tech Co., Ltd., LDK Solar Hi-Tech (Xinyu) Co., Ltd., Jiangxi LDK PV Silicon Technology Co., Ltd. and Jiangxi LDK Solar Polysilicon Co., Ltd., for enforcement of payments in the aggregate amount of Rmb 281,581,675 relating to borrowings and project fees due and payable by the Respondents to Xinyu Chengdong and Rmb 53,473,487 relating to electricity charges due and payable by the Respondents to Ganxi Power and for a bankruptcy restructuring of each of the Respondents. LDK: (), NGG: 70.13 (+0.58)
LDK Solar Announces Resignation and Appointment of President and CEO
PR Newswire - Fri Nov 13, 12:15PM CST
LDK Solar CO., Ltd. ("LDK Solar" or the "Company", OTC Pink: LDKYQ) today announced the resignation of Mr. Xingxue Tong as President and Chief Executive Officer, effective immediately, for his personal reasons. The Company's Chairman, Mr. Zhibin Liu, will assume as the President and Chief Executive Officer of LDK Solar. In the meantime, the Company will retain Mr. Tong, and Mr. Tong has agreed to be so retained, as a senior consultant to LDK Solar, to ensure a smooth transition in the management of the Company.
LDK Solar Announces Annual General Meeting Results
PR Newswire - Thu Jul 23, 2:15AM CDT
LDK Solar CO., Ltd. ("LDK Solar", OTC Pink: LDKYQ) today announced the results of its Annual General Meeting ("AGM"
held on July 9, 2015 in Xinyu City of Jiangxi Province. At the AGM, the shareholders in attendance approved the resolutions proposed in the AGM notice relating to (i) the adoption of the 2014 annual report, (ii) the re-election of Mr. Shi-an Wu as an independent director, and (iii) the re-appointment of KPMG as LDK Solar's outside auditors for fiscal year 2015. LDK Solar Announces Appointments of New Chairman and Directors and Resignation of a Director
PR Newswire - Thu Jun 25, 2:15AM CDT
LDK Solar CO., Ltd. ("LDK Solar", OTC Markets: LDKYQ), today announced that the LDK Solar board of directors has elected Mr. Zhibin Liu as its new Chairman, and appointed Messrs. Yunsong Ao and Yan Xiong, both executive vice presidents of the Company at present, as additional directors to its board, effective immediately. At the same time, Mr. Xingxue Tong, President and Chief Executive Officer, and Interim Chairman previously, resigned from his directorship, but will remain as the President and CEO of the Company. With these changes, the number of the LDK Solar board of directors is eight.
LDK Solar Announces Issue of Scheme Consideration to Ordinary Scheme Creditors
PR Newswire - Wed May 06, 2:15AM CDT
LDK Solar CO., Ltd. ("LDK Solar" or the "Company"
, today announced that the supervisors, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited (the "Scheme Supervisors", of the scheme of arrangement in respect of LDK Solar (the "LDK Solar Scheme" designated April 27, 2015 as the payment date for all Ordinary Scheme Creditors (as described in the LDK Solar Scheme) that elected to receive a cash distribution under the LDK Solar Scheme. The Scheme Supervisors have paid all such Ordinary Scheme Creditors who provided settlement instructions and continue to make cash distributions as and when further settlement instructions are received. LDK Solar Announces Receipt of Deal of the Year Award for Offshore Restructuring
PR Newswire - Tue May 05, 2:15AM CDT
LDK Solar CO., Ltd. ("LDK Solar" or the "Company"
today announced that, on April 28, 2015, the LDK Solar offshore financial restructuring was awarded "Cross Border Deal of the Year - U.S.-Asia Region" at the 7th Annual International M&A Awards by The M&A Advisor. LDK Solar Announces Successful Conclusion of Provisional Liquidation
PR Newswire - Wed Apr 08, 12:15PM CDT
LDK Solar Co., Ltd. in provisional liquidation ("LDK Solar" or the "Company"
and its Joint Provisional Liquidators ("JPLs", Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, today announced that on April 7, 2015 the Grand Court of the Cayman Islands ordered that, effective on April 21, 2015, the JPLs will be discharged from their duties and the winding up petition presented by the Company on February 21, 2014 will be dismissed. LDK Solar Announces Extraordinary General Meeting Results
PR Newswire - Thu Jan 22, 3:15PM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar", OTC Pink: LDKYQ) today announced the results of its Extraordinary General Meeting ("EGM"
held on January 22, 2015 in Hong Kong. At the EGM, the shareholders in attendance approved all of the resolutions proposed in the EGM notice, including: the adoption of the 2013 annual report; the confirmation and re-election of directors, Maurice Wai-fung Ngai (independent director), Ceng Wang (independent director) and Shi Chen (non-executive director). The total number of members of the board of directors of LDK Solar remains at seven. KPMG was re-appointed as LDK Solar's outside auditors for fiscal year 2014. The EGM also approved an amendment to LDK Solar's memorandum of association to increase its authorized share capital to US $500,000,000. LDK Solar Announced Successful Completion of Hydrochlorination Project
PR Newswire - Mon Jan 05, 2:15AM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar", OTC Pink: LDKYQ) announced today that, its polysilicon plant located in Mahong, Jiangxi completed its hydrochlorination reengineering project and successfully produced trichlorosilane during its first production run on December 27, 2014. Trichlorosilane is the most critical material for polysilicon manufacturing process. The trichlorosilane produced by Mahong Plant meets the national standard of the People's Republic of China. Moreover, the hydrochlorination process is clean, environmentally friendly with lower manufacturing costs.
LDK Solar Enters into Settlement and Mutual Release with SPI
PR Newswire - Wed Dec 31, 3:15PM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar"
announced today that, its subsidiary, LDK Solar International Company Limited ("LDK Solar HK", has entered into a settlement and mutual release agreement with Solar Power, Inc. ("SPI", an associate with approximately 30% equity investment by LDK Solar. Pursuant to the arrangement, LDK Solar HK agreed to release and discharge SPI from all actions, claims, demands, damages, obligations, liabilities, controversies and executions arising out of SPI's payables of approximately $46 million to LDK Solar HK and subsidiaries, in exchange for a settlement amount of $11 million, in addition to the $17 million already paid by SPI. Pursuant to the settlement and mutual release agreement, SPI will pay the $11 million additional settlement amount in seven installments before December 31, 2015 in accordance with an agreed schedule. Unless extended with mutual agreement, LDK Solar HK is entitled to revoke the settlement arrangement should SPI default in the payment of any agreed installment for more than 30 days. LDK Solar Confirms Closing Date of Restructuring Transactions
PR Newswire - Thu Dec 18, 2:15AM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar"
announced today that, pursuant to the terms of the Cayman Islands schemes of arrangement in respect of LDK Solar and LDK Silicon & Chemical Technology Co., Ltd. ("LDK Silicon" and the Hong Kong schemes of arrangement in respect of LDK Solar, LDK Silicon and LDK Silicon Holding Co., Limited (the "Schemes", the closing date for the restructuring transactions in respect of LDK Solar's senior noteholders and preferred shareholders, as contemplated in the Schemes, occurred on December 17, 2014. LDK Solar Announces New Module Sales Agreement
PR Newswire - Fri Dec 12, 2:15AM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar" or the "Company"
today announced that its Chinese subsidiary, LDK Solar Hi-Tech (Nanchang) Co., Ltd. ("LDK Solar Nanchang", has signed a new module supply agreement with Ningxia Hui Autonomous Region Electric Power Design Institute, a leading EPC company in China and owned by Power Construction Corporation of China. Under terms of the agreement, LDK Solar Nanchang will provide modules totaling 30.6 megawatts for a solar project in Ningxia with shipments commencing immediately. LDK Solar Schemes of Arrangement Become Effective
PR Newswire - Wed Dec 10, 10:59PM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar"
and its Joint Provisional Liquidators ("JPLs", Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that the Cayman Islands schemes of arrangement in respect of LDK Solar and LDK Silicon & Chemical Technology Co., Ltd. ("LDK Silicon" and the Hong Kong schemes of arrangement in respect of LDK Solar, LDK Silicon and LDK Silicon Holding Co., Limited (the "Schemes" became effective as of December 10, 2014. The Cayman Islands schemes of arrangement were previously sanctioned by the Grand Court of the Cayman Islands (the "Cayman Court", and the Hong Kong schemes of arrangement were previously sanctioned by the High Court of Hong Kong. LDK Solar's US Chapter 11 plan confirmed
M2 - Mon Nov 24, 7:11AM CST
LDK Solar CO Ltd in provisional liquidation (LDK Solar) (OTC:LDKSY) and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced on Monday that on 21 November 2014, Judge Peter J. Walsh of the US Bankruptcy Court for the District of Delaware entered an order confirming the prepackaged plan of reorganisation (the Chapter 11 Plan) for the three US subsidiaries of LDK Solar, namely LDK Solar Systems Inc, LDK Solar USA Inc and LDK Solar Tech USA Inc. (collectively, the US debtors).
LDK Solar Announces Confirmation of U.S. Chapter 11 Plan, Recognition of Cayman Islands Proceeding and U.S. Enforcement of Cayman Islands Scheme of Arrangement
PR Newswire - Mon Nov 24, 2:15AM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar"
and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that, on November 21, 2014, Judge Peter J. Walsh of the United States Bankruptcy Court for the District of Delaware (the "U.S. Bankruptcy Court" entered an order (the "Confirmation Order" confirming the prepackaged plan of reorganization (the "Chapter 11 Plan" for the three U.S. subsidiaries of LDK Solar -- LDK Solar Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc. (collectively, the "U.S. Debtors". The U.S. Debtors previously filed voluntary petitions in the U.S. Bankruptcy Court on October 21, 2014 to reorganize under Chapter 11 of the United States Bankruptcy Code. LDK Solar Announces Sanction of Hong Kong Schemes
PR Newswire - Tue Nov 18, 10:15AM CST
LDK Solar CO., Ltd. in provisional liquidation ("LDK Solar"
and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, announced today that, on November 18, 2014, the High Court of Hong Kong sanctioned the Hong Kong schemes of arrangement of LDK Solar and its subsidiaries, LDK Silicon & Chemical Technology Co., Ltd. and LDK Silicon Holding Co., Limited, each as previously approved by scheme creditors at their class meetings held on October 17, 2014. 
