LDK Solar Co. Ltd (LDKSY)
OTOTC · Common · CUSIP 50183L107
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Security Profile

Security Type
Common Stock
CUSIP
50183L107
Market Cap
Large Cap · $1 Billion
Previous Symbol
LDK (changed 3/31/2014)
Business: LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California.
Notes: March 31, 2014 -- The New York Stock Exchange suspended trading of LDK Solar Co. (LDK)’s American depositary receipts and initiated proceedings to delist the Chinese solar manufacturer because of abnormally low prices. The NYSE determined the Xinyu, China-based company’s ADRs are no longer suitable for listing, the NYSE said today in a statement. Effective today they will begin to trade on the OTC-Other under symbol LDKSY. They haven’t traded in the U.S. since March 18, when they closed at $1.01. The company hasn’t reported a profit since the first quarter of 2011, and has struggled under debts it accumulated in recent years to expand its operations and meet demand for solar panels. The second-largest supplier of wafers for solar cells by 2012 capacity, LDK is seeking to restructure its $2.8 billion in debt after failing to pay a 1.7 billion yuan ($273 million) bond that matured Feb. 28. LDK said March 28 that holders of 60 percent of the principal on that bond had agreed to a restructuring deal. They will get 20 cents on the dollar, or exchange the notes for stock or convertible bonds.

Company Contact

CEO
Xiaofeng Peng
CFO
Jack Lai
Headquarters
1290 Oakmead Parkway ,Suite 306, Sunnyvale, CA 94085
Phone
408-245-0858
Fax
408-245-8802
Investor Relations
Jack Lai · 408-245-8801 · ir@ldksolar.com
SEC EDGAR Filings
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