LDK Solar Co., Ltd., a leading vertically integrated manufacturer of photovoltaic products, today announced the results of its Extraordinary General Meeting (EGM) held today at the Company's office in Hong Kong.
At the EGM, shareholders approved both resolutions proposed in the EGM notice, including the issuance of 25,000,000 ordinary shares of the Company to Fulai Investments Limited, at a price of $1.03 per share, for an aggregate purchase price of $25,750,000.
There were an aggregate of 104,235,171 shares represented in person or by proxy throughout the duration of the EGM, including shares underlying American depositary shares. Of these shares represented at the EGM, an aggregate of 103,197,921 shares voted to approve the sale of such shares to Fulai Investments Limited.