• Print

LDK Solar issues statement regarding May 2012 SEC filing

  • LDK Solar issues update regarding SEC filing.
    LDK Solar issues update regarding SEC filing.

Financials

  • LDKYQ
    OTCMKTS
    0.0800
    +0.0100 (14.29%)
    3:59PM EDT

LDK Solar, a wafer manufacturer, has issued a statement regarding the liquidity and working capital concerns revealed in its annual report, filed in May 2012.

“We, LDK Solar, continue to work to address the liquidity and working capital concerns previously disclosed in our Annual Report on Form 20-F for the year ended 31 December 2011, originally filed with the US Securities and Exchange Commission (SEC) on 15 May, 2012. In order to achieve a positive result, we have entered into discussions with certain creditors to obtain additional flexibility with respect to the terms and conditions of our existing offshore indebtedness. We have engaged Citigroup to assist us in this process.”

No further details were disclosed by the company.

Publications

  • Photovoltaics International 27th Edition

    Now that the PV industry has unquestionably entered a new growth phase, all eyes are on which technologies will win through into the mainstream of PV manufacturing. PERC, n-type, p-type bifacial, heterojunction – all have become familiar terms in the ever-growing constellation of solar cell technologies. The question is which will offer manufacturers what they are looking for in improving efficiencies and cutting costs.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media

Newsletter

Subscribe
We won't share your details - promise!