Caixin OnlineFinance & EconomicsTop Stories Finance In Thursday's Papers: Banks Sue LDK Solar over Loan Repayment, Shaanxi Dairy Company Owner Dies from Attack
11.22.2012 17:52

In Thursday's Papers: Banks Sue LDK Solar over Loan Repayment, Shaanxi Dairy Company Owner Dies from Attack

a
Solar equipment maker Jiangxi LDK Solar Hi-Tech Co. Ltd is sued by creditors

Banks Sue LDK Solar over Loan Repayment

LDK Solar is being sued by creditor banks for overdue loans of around 100 million yuan. The indebted, New York-listed maker of solar power equipment has borrowed between 14 billion and 15 billion yuan from domestic banks, and has allowed a partially state-owned firm to buy 19.9 percent of it to boost creditor confidence. Meanwhile, the New York Stock Exchange has warned LDK it could be delisted if poor performance continues. A source close to the situation said the plaintiffs were mainly small city commercial banks, rather than the company's major creditors, including Bank of China, China Construction Bank and Agricultural Bank of China.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

Kingdom Collaboration

An interview with the CEO of the Saudi kingdom’s oil giant points to closer ties between China and its largest crude supplier


Issue 89
May , 2015

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Kingdom Collaboration
An interview with the CEO of the Saudi kingdom’s oil giant points to closer ties between China and its largest crude supplier
Issue 89
05.01.2015

Subscribe       |       Newsletter        |        FAQ