LDK Solar Newswire

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  1. LDK Solar Consummation Confirms Closing Date of Restructuring Transactions of Schemes of ArrangementRead the original story

    Thursday Dec 18 | PressReleasePoint

    December 18, 2014 - LDK Solar CO., Ltd. in provisional liquidation 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. and the Hong Kong schemes of arrangement in respect of LDK Solar, LDK Silicon and LDK Silicon Holding Co., Limited , 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. This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.

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  2. China's solar giant completes restructuring offshore debtsRead the original story

    Thursday Dec 18 | People's Daily Online

    One of China's leading solar firms, LDK Solar Co., Ltd., has completed restructuring debts in Hong Kong, the United States and the Cayman Islands, the company said Thursday. The debt restructuring transaction between the company, senior bondholders and preferred shareholders was completed Wednesday, with a total value up to 700 million U.S. dollars, said Peng Shaomin, a spokesperson for the photovoltaic products manufacturer based in Xinyu, east China's Jiangxi Province.

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  3. LDK Solar Announces New Module Sales AgreementRead the original story

    Friday Dec 12 | Electric Energy Online

    LDK Solar CO., Ltd. in provisional liquidation announced that its Chinese subsidiary, LDK Solar Hi-Tech Co., Ltd. , 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.

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  4. LDK Solar Announces New Module Sales AgreementRead the original story

    Friday Dec 12 | PressReleasePoint

    LDK Solar CO., Ltd. in provisional liquidation today announced that its Chinese subsidiary, LDK Solar Hi-Tech Co., Ltd. , 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.

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  5. LDK Solar Schemes of Arrangement Become EffectiveRead the original story

    Wednesday Dec 10 | Sys-Con Media

    schemes of arrangement in respect of LDK Solar, LDK Silicon and LDK Silicon Holding Co., Limited (the "Schemes") became effective as of , the powers of the JPLs were suspended (except for certain residual powers required to finalize the provisional ...

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  6. LDK Solar Announces Confirmation of U.S. Chapter 11 Plan, Recognition ...Read the original story

    Monday Nov 24 | PressReleasePoint

    LDK Solar CO., Ltd. in provisional liquidation and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper Limited, announced today that, on November 21, 2014, Judge Peter J. Walsh of the United States Bankruptcy Court for the District of Delaware entered an order confirming the prepackaged plan of reorganization for the three U.S. subsidiaries of LDK Solar - LDK Solar Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc. . 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.

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  7. LDK Solar Announces Confirmation of U.S. Chapter 11 Plan, Recognition ...Read the original story

    Monday Nov 24 | Sys-Con Media

    The U.S. Debtors previously filed voluntary petitions in the U.S. Bankruptcy Court on In addition to entry of the Confirmation Order, the U.S. Bankruptcy Court also entered an order recognizing LDK Solar's provisional liquidation proceeding in the Grand Court of the as a foreign main proceeding under Chapter 15 of the United States Bankruptcy Code, and an additional order recognizing and giving full force and effect in the jurisdiction of "We are very pleased that the U.S. Bankruptcy Court has confirmed our prepack plan for our U.S. subsidiaries and has recognized our scheme of arrangement.

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  8. LDK Solar Announces Sanction of Hong Kong SchemesRead the original story

    Nov 18, 2014 | PressReleasePoint

    GEORGE TOWN, Cayman Islands, and SUNNYVALE, California - November 18, 2014 - LDK Solar CO., Ltd. in provisional liquidation and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper 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.

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  9. LDK Solar Announces Sanction of Cayman Islands SchemeRead the original story

    Nov 10, 2014 | Electric Energy Online

    LDK Solar CO., Ltd. in provisional liquidation and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper Limited, announced that, on November 7, 2014, the Grand Court of the Cayman Islands sanctioned the Cayman Islands schemes of arrangement of LDK Solar and its subsidiary, LDK Silicon & Chemical Technology Co., Ltd., each as previously approved by scheme creditors at their class meetings held on October 16, 2014. "We are very pleased that the Grand Court of Cayman Islands has sanctioned our Cayman Islands schemes of arrangement, and this represents a significant step in our offshore restructuring," stated Xingxue Tong, Interim Chairman, President and CEO of LDK Solar.

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  10. LDK Solar Announces Sanction of Cayman Islands SchemeRead the original story

    Nov 10, 2014 | PressReleasePoint

    GEORGE TOWN, Cayman Islands, and SUNNYVALE, California - November 10, 2014 - LDK Solar CO., Ltd. in provisional liquidation and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper Limited, announced today that, on November 7, 2014, the Grand Court of the Cayman Islands sanctioned the Cayman Islands schemes of arrangement of LDK Solar and its subsidiary, LDK Silicon & Chemical Technology Co., Ltd., each as previously approved by scheme creditors at their class meetings held on October 16, 2014.

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  11. LDK Solar Commences Chapter 11 and Chapter 15 Cases at U.S. Bankruptcy CourtRead the original story

    Oct 22, 2014 | Electric Energy Online

    LDK Solar CO., Ltd. in provisional liquidation and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper Limited, announced that on October 21, 2014 three U.S. subsidiaries of LDK Solar, LDK Solar Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc. filed voluntary petitions to reorganize under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware .

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  12. China's leading solar firm files for bankruptcy protection in U.S.Read the original story

    Oct 22, 2014 | Xinhuanet

    China's leading solar firm LDK Solar Co., Ltd filed for bankruptcy protection in the United States Wednesday as a key step for the troubled company's overseas debt restructuring. The company started its overseas debt restructuring in Cayman Islands via provisional liquidation in February to resolve its offshore liquidity issues.

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  13. LDK Files for Bankruptcy in U.S. Court on China Solar GlutRead the original story

    Oct 21, 2014 | The Washington Post

    LDK Solar Co., the Chinese solar- cell maker that defaulted on its bonds this year, filed for bankruptcy in the U.S. to help carry out restructurings already under way in Hong Kong and the Cayman Islands. Xinyu, China-based LDK filed for Chapter 15 protection today in Wilmington, Delaware, listing about $1.13 billion in debt and $510 million in assets as of May 31. Chapter 15 is the section of the bankruptcy code used by foreign companies restructuring abroad to fend off creditors and distribute payments in the U.S. "Since 2011, the group's financial performance has significantly deteriorated," in part due to overcapacity in the solar-cell market, Tammy Fu, a provisional liquidator for the company in Grand Cayman, said in a court filing.

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  14. LDK Solar Announces Approval by Creditors of Cayman and Hong Kong SchemesRead the original story

    Oct 17, 2014 | Sys-Con Media

    The Cayman Court is scheduled to hear the petition in respect of the This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including risks and uncertainties disclosed in LDK Solar's filings with the U.S. Securities and Exchange Commission.

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  15. LDK Solar Announces New Module Supply AgreementRead the original story

    Oct 10, 2014 | Electric Energy Online

    LDK Solar CO., Ltd. in provisional liquidation and its joint provisional liquidators , Tammy Fu and Eleanor Fisher, both of Zolfo Cooper Limited, announced that its Chinese subsidiary, LDK Solar Hi-Tech Co., Ltd. , has signed a new module supply agreement with Shanghai SNERDI Engineering Consulting & Management Co., Ltd., a leading EPC company in China owned by State Nuclear Power Technology Corporation . Under the terms of the agreement, LDK Solar Nanchang will provide modules totaling 60.5 megawatts to SNPTC with shipments commenced recently in connection with a solar project in Xinjiang, China.

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  16. LDK Solar Announces New Module Supply AgreementRead the original story

    Oct 10, 2014 | PressReleasePoint

    GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., October 10, 2014 - LDK Solar CO., Ltd. in provisional liquidation and its joint provisional liquidators , Tammy Fu and Eleanor Fisher, both of Zolfo Cooper Limited, today announced that its Chinese subsidiary, LDK Solar Hi-Tech Co., Ltd. , has signed a new module supply agreement with Shanghai SNERDI Engineering Consulting & Management Co., Ltd., a leading EPC company in China owned by State Nuclear Power Technology Corporation . Under the terms of the agreement, LDK Solar Nanchang will provide modules totaling 60.5 megawatts to SNPTC with shipments commenced recently in connection with a solar project in Xinjiang, China.

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  17. LDK Solar Announces U.S. Pre-packaged Plan and Updates for Cayman and Hong Kong ProceedingsRead the original story

    Sep 18, 2014 | Electric Energy Online

    LDK Solar CO., Ltd. in provisional liquidation and its Joint Provisional Liquidators , Tammy Fu and Eleanor Fisher, both of Zolfo Cooper Limited, announced that three of the Company's United States subsidiaries, LDK Solar USA, Inc., LDK Solar Tech USA, Inc. and LDK Solar Systems, Inc. , launched a solicitation of votes on a prepackaged plan of reorganization from the holders of the Company's 10% Senior Notes due 2014 . The US Plan Proponents intend to implement the Prepackaged Plan through the commencement of chapter 11 cases.

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  18. LDK Solar Announces U.S. Pre-packaged Plan and Updates for Cayman and Hong Kong ProceedingsRead the original story

    Sep 18, 2014 | Sys-Con Media

    , Inc. and LDK Solar Systems, Inc. (the "US Plan Proponents"), launched a solicitation of votes on a prepackaged plan of reorganization (the "Prepackaged Plan") from the holders of the Company's 10% Senior Notes due 2014 (the "Senior Notes"). The US ...

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  19. LDK Solar Announces Filing of Scheme of Arrangement and Resignation of Xiaofeng PengRead the original story

    Aug 29, 2014 | Electric Energy Online

    LDK Solar Co., Ltd. in provisional liquidation and its Joint Provisional Liquidators , Tammy Fu and Eleanor Fisher, both of Zolfo Cooper Limited, announced that the Company has filed the petition commencing its restructuring proceedings in the Grand Court of the Cayman Islands .

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  20. LDK Solar Announces Filing of Scheme of Arrangement and Resignation of Xiaofeng PengRead the original story

    Aug 29, 2014 | PressReleasePoint

    GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., August 29, 2014 - LDK Solar Co., Ltd. in provisional liquidation and its Joint Provisional Liquidators , Tammy Fu and Eleanor Fisher, both of Zolfo Cooper Limited, today announced that the Company has filed the petition commencing its restructuring proceedings in the Grand Court ... (more)

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