LDK Solar and subsidiaries’ creditors approve schemes of arrangement

By Caroline Salls

Pittsburgh, Oct. 17 – LDK Solar Co., Ltd. and its joint provisional liquidators said the class meetings of scheme creditors of LDK Solar and its LDK Silicon & Chemical Technology Co., Ltd. and LDK Silicon Holding Co., Ltd. subsidiaries approved LDK’s Cayman Islands and Hong Kong schemes of arrangement, according to a news release.

As previously reported, the meetings were held under orders from the Grand Court of the Cayman Islands and the High Court of Hong Kong.

Scheme sanction hearings are scheduled for Nov. 6 in the Cayman court and Nov. 7 in the Hong Kong court.

LDK Solar is a manufacturer of photovoltaic products based in Xinyu City, China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.