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.
This article requires Premium SubscriptionBasic (FREE) Subscription
Already a subscriber? Sign In
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
