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  • By .(JavaScript must be enabled to view this email address) - 25 April 2012, 15:37
  • In News, Finance

LDK Solar finalises acquisition of Sunways shares

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  • LDKYQ
    OTCMKTS
    0.209
    0.000 (0.00%)
    9:43AM EDT

The voluntary takeover offer for Sunways, submitted by LDK’s German subsidiary, has been accepted following the passing of the additional acceptance period on April 12.

LDK will become a strategic anchor shareholder after the purchase of 6.52 million shares, the company previously acquired 5.79 million shares, equating to around 33% of Sunways’ share capital. The new purchase takes LDK Solar’s total share in the manufacturing company to 70.88% while other investors hold no more than 3% share each.

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