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.
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 virtually
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
(Reuters) - China-based LDK Solar Co Ltd slashed its revenue forecast for the year and disclosed that it had laid off more than 2,500 employees in the third quarter as high U.S. import duties and...
We are placing LDK Solar LDK under review as we evaluate our valuation forecasts and assumptions.
(Reuters) - Suntech Power Holdings Co Ltd , the No.1 solar panel maker, slashed production capacity while smaller rival LDK Solar Co said it has held talks with potential investors as the two...