LDK Solar Newswire
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)--LDK Solar CO., Ltd. (in Official Liquidation) ("LDK Solar" or the "Company", OTC Pink:LDKYQ) today announced that on April 6, 2016, subsequent to the filing on February 11, 2016 of a joint creditors' petition dated February 5, 2016 (the ... Comment?
LDK Solar CO., Ltd. announced that the Intermediate People's Court in Xinyu City of Jiangxi Province , on November 17, 2015, pursuant to the Enterprise Bankruptcy Law of the People's Republic of China , has accepted the applications by Xinyu City Chengdong Construction and Investment Corporation and China National Grid Corporation Ganxi Power Branch against four onshore subsidiaries of LDK Solar in the People's Republic of China, namely Jiangxi LDK Solar Hi-Tech Co., Ltd., LDK Solar Hi-Tech 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 ... (more) Comment?
The Company's Chairman, Mr. , 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. Comment?
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