LDK Solar Soars 19%; Continues to Implement Liquidity and Working Capital Plan

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LDK Solar Co. Ltd ( LDK ) is up 19.2% after the company issued brief statement that it is continuing actions to address the liquidity and working capital concerns previously disclosed in its Annual Report on Form 20-F for the year ended December 31, 2011, originally filed with the SEC on May 15, 2012.

In accordance, LDK has entered into discussions with certain creditors to obtain additional flexibility with respect to the terms and conditions of our existing offshore indebtedness. LDK has engaged Citigroup ( C ) to assist in this process.

LDK is trading at $1.24 on volume of 2.96 million vs. the 30-day avg of 42,360. Shares trade in a 52-week range of $0.71 - $6.92 and have fallen 70% in the last 12 months.



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This article appears in: Investing , Commodities

Referenced Stocks: C , LDK

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