LDK Solar is facing convertible bond default
crisis once again announced the issuance of the "blood". April
26, Jiangxi LDK Solar Hi-Tech Co., Ltd. Announcement Fulai Investments signed a
Share Purchase Agreement Fulai price of $ 1.03 per share to purchase 2,500
shares of LDK Solar's new shares.Under the agreement, the two sides will be
June 28 to complete the transaction.
Prior to the end of January, LDK solar panels cost has agreed to about 12% of the shares sold to Fulai transaction price of $ 31.1 million (about 195 million yuan); when the number of additional shares to 1700 shares, the price of $ 1.83 per share . This transaction has been completed. Fulai Investments is a company registered in theBritish Virgin Islands )
wholly-owned operations in Hong Kong Zheng Jianming (Cheng Kin Ming.
It is worth noting that in the photovoltaic dismal season contrarian and Zheng Jianming, after there is little or no PV industry experience, but since the end of November last year after another shot in the photovoltaic industry mergers and acquisitions. The first time for the end of November last year, Zheng Jianming acquisition downwind photoelectric 462.5 million shares, the total share capital of 29.65%, has become the largest shareholder; for the second time on January 2 this year, Zheng Jianming holding Qianjiang Industrial announced to 2500 million yuan price, the acquisition is located in Hefei, Anhui LDK Solar equity.
Ultimately, however, the acquisition of Anhui LDK Solar, is under the Government of Hefei inHefei
The next day, LDK Solar announced the latest full-quarter loss of $ 517 million, $ 588.7 million of losses narrowed slightly over the same period last year. Quarter revenue far less than expected, dropped 68% to $ 135.9 million. Be sold with the Anhui LDK Solar, LDK Solar expects current-quarter revenue in 80000000-100000000 U.S. dollars. LDK Solar Following Suntech Power Holdings Co., Ltd., the second of defaulting on its debt due to the poor financial position of the large-scale Chinese PV companies.
April 16, LDK, it was announced that $ 24 million of convertible bonds not paid on time on April 15. LDK Solar said at the time, the company has reached an agreement with the two bondholders to postpone the settlement of the $ 16.5 million of convertible bonds by paying some of the cash and borrowed a new loan.Now seems, Zheng Jianming became the LDK, "help" gold master, LDK, or to avoid the bankruptcy reorganization fate of Suntech Suntech, its principal asset.
Since Zheng Jianming shares in January last year LDK Solar, LDK Solar personnel feuding. March 5, 2013, LDK Solar announced that, on January 31, 2013 removed from the Tong Hing snow legal representative and chairman, delegate Peng Xiaofeng was dismissed both the Tong Hing snow general manager, hired Peng Xiaofeng as total manager. The appointments and dismissals from the last November Xiaofeng Peng, outgoing CEO of LDK, only about 70 days.
Prior to the end of January, LDK solar panels cost has agreed to about 12% of the shares sold to Fulai transaction price of $ 31.1 million (about 195 million yuan); when the number of additional shares to 1700 shares, the price of $ 1.83 per share . This transaction has been completed. Fulai Investments is a company registered in the
It is worth noting that in the photovoltaic dismal season contrarian and Zheng Jianming, after there is little or no PV industry experience, but since the end of November last year after another shot in the photovoltaic industry mergers and acquisitions. The first time for the end of November last year, Zheng Jianming acquisition downwind photoelectric 462.5 million shares, the total share capital of 29.65%, has become the largest shareholder; for the second time on January 2 this year, Zheng Jianming holding Qianjiang Industrial announced to 2500 million yuan price, the acquisition is located in Hefei, Anhui LDK Solar equity.
Ultimately, however, the acquisition of Anhui LDK Solar, is under the Government of Hefei in
The next day, LDK Solar announced the latest full-quarter loss of $ 517 million, $ 588.7 million of losses narrowed slightly over the same period last year. Quarter revenue far less than expected, dropped 68% to $ 135.9 million. Be sold with the Anhui LDK Solar, LDK Solar expects current-quarter revenue in 80000000-100000000 U.S. dollars. LDK Solar Following Suntech Power Holdings Co., Ltd., the second of defaulting on its debt due to the poor financial position of the large-scale Chinese PV companies.
April 16, LDK, it was announced that $ 24 million of convertible bonds not paid on time on April 15. LDK Solar said at the time, the company has reached an agreement with the two bondholders to postpone the settlement of the $ 16.5 million of convertible bonds by paying some of the cash and borrowed a new loan.Now seems, Zheng Jianming became the LDK, "help" gold master, LDK, or to avoid the bankruptcy reorganization fate of Suntech Suntech, its principal asset.
Since Zheng Jianming shares in January last year LDK Solar, LDK Solar personnel feuding. March 5, 2013, LDK Solar announced that, on January 31, 2013 removed from the Tong Hing snow legal representative and chairman, delegate Peng Xiaofeng was dismissed both the Tong Hing snow general manager, hired Peng Xiaofeng as total manager. The appointments and dismissals from the last November Xiaofeng Peng, outgoing CEO of LDK, only about 70 days.
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