Ldk Solar Co. Ltd (LDK) $LDK LDK Solar Announc
Post# of 273246
Posted On: 09/08/2016 5:00:39 AM
Ldk Solar Co. Ltd (LDK) $LDK
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: 71.67 (-0.47)
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: 71.67 (-0.47)
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