company called Shunfeng Photovoltaic. Zheng also owns 21.6% of LDK Solar. The cherry on top of that was the 2013 Suntech acquisition ..... Zheng's Shopping Spree 2012 - Buys a 21.6% stake in bankrupt LDK and a 30% stake in Shunfeng (an investment that has increased
In the third quarter, LDK had sales of $156 million and operating ..... 60 million-$70 million. Enough said. LDK 's debt levels are many multiples larger ..... elusive from its wafer and module production. LDK has always been the most aggressive solar
LDK Solar is clearly bust, and its third-quarter ..... were $157 million, which given the bloat LDK amassed during the boom years of 2010-11 ..... in the coming years, it's hard to imagine LDK surviving the ongoing industry consolidation
(Reuters) - China's LDK Solar Co Ltd said it was unable to make interest payments on its bonds due to insufficient cash flow even after getting an extension on payments for the third time.
(Reuters) - China-based LDK Solar Co Ltd's cash levels dwindled to their lowest in nearly four years and the debt-laden company said it would be unable to meet a debt payment due on Wednesday.
burning dearly needed cash, which means at best operating cash flow will turn positive in mid- to late 2014. Suntech along with LDK Solar remain the two Chinese solar companies most at risk if the Chinese government indeed tries to reign in the very loose lending
fundamentals are about to get better. Our fair value estimates and moat ratings of the rest of the space are unchanged, including $0 to our fair value estimates for Suntech STP, LDK Solar LDK , Renewable Energy Corp. REC, and Yingli YGE.
Jan 31 (Reuters) - LDK Solar Co Ltd said China Development Bank Corp approved a loan of 440 million yuan ($71 million), adding to the billions of dollars Chinese state-run banks have already provided...
employers in their districts (in July the city of Xinyu in Jiangxi province agreed to spend RMB 500 million paying off the debts of LDK Solar). Local government demand for credit may even be crowding out other borrowers. A recent trip to China revealed that
four companies where we believe this has occurred. Three aren't particularly surprising: the financial problems of LDK Solar LDK , Renewable Energy Corp. REC, and Suntech STP are well-documented, and it will be hardly be a surprise if any of