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.