LDK to again get financial aid from Chinese banks? LDK Solar may get a $320 million loan from a consortium of Chinese banks, led by the China Development Bank (CDB). LDK Solar (LDK) has been running of fumes for most of the last year, as massive debt made the company post huge losses. The company […]
The Chinese Billionaire faces bankruptcy Xiaofeng Peng used to be one of the richest Chinese billionaires in 2008, when his company LDK Solar (LDK) went into an unprecedented expansion spree. The company which concentrated on making solar wafers made grandiose plans to build a huge polysilicon plant. The company took on massive amounts of debt […]
Even as the solar industry and companies are enjoying sunny times due to the large demand growth in 2014, the debt laden leaders of yesteryears are still going through their death throes. LDK Solar and Suntech used to be the largest companies in their respective solar manufacturing segments. However, these companies were rashly managed, with […]
Another Million Dollar loan for LDK Solar Zombie LDK Solar (LDK) continues to produce panels and wafers and make gargantuan losses. The company is bankrupt with $3 billion of debt and no profitability in the last 2 years. The company has been making large operating losses consistently and there is little hope that that the […]
LDK faces working capital crisis LDK Solar (LDK) which used to be the world’s biggest supplier of solar wafers and was building the biggest polysilicon plant is now contracting rapidly. The company which has more than $3 billion in debt saw its revenues contract by 50%, when other solar peers expanded their shipments and revenues. The company managed to ship […]