LDK Solar Closes Share Purchase Transaction with Heng Rui Xin Energy

published: 2012-11-20 14:48 | editor: | category: News

LDK Solar Co., Ltd.("LDK Solar") (NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic products, announced that it closed the share purchase agreement entered into on October 19, 2012 with Heng Rui Xin Energy Co., Ltd., a PRC company invested by privately owned and state-owned funds ("HRX"), with 25,307,497 ordinary shares issued by LDK Solar to Heng Rui Xin Energy (HK) Co., Limited, a wholly owned subsidiary of HRX, accounting for approximately 19.9% of the total issued and outstanding capital of LDK Solar prior to such issuance, upon receipt by LDK Solar of the purchase price of US$0.86 per share.

announcements add announcements     mail print
Share