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LDK Solar Provides Update on China Development Bank Financing

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Tweet Get Alerts LDK Hot Sheet Price: $1.54 -8.33% Overall Analyst Rating: SELL ( Up) EPS Growth %: -163.9% XINYU CITY, China and SUNNYVALE, Calif., Jan. 31, 2013 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar"; NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic products, today announced that China Development Bank Corporation ("CDB") has recently approved a RMB 440,000,000 (approximately USD 69.8 million) loan to finance the technology upgrade for the Mahong Polysilicon Plant. The financing will primarily be used to invest in hydrochlorination technology,...

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