Proceeds used for general corporate purposes in LDK Solar's operations
By Devika Patel
Knoxville, Tenn., Jan. 22 - LDK Solar Co., Ltd. said it will raise $31.11 million in a private placement of shares on Monday. Fulai Investments Ltd. is the investor.
The company will sell 17 million ordinary shares at $1.83 per share. The price per share is identical to the Jan. 18 closing share price.
Proceeds will be used for general corporate purposes in LDK Solar's operations.
LDK Solar is a manufacturer of photovoltaic products based in Xinyu City, China.
Issuer: | LDK Solar Co., Ltd.
|
Issue: | Ordinary shares
|
Amount: | $31.11 million
|
Shares: | 17 million
|
Price: | $1.83
|
Warrants: | No
|
Investor: | Fulai Investments Ltd.
|
Pricing date: | Jan. 21
|
Stock symbol: | NYSE: LDK
|
Stock price: | $1.83 at close Jan. 18
|
Market capitalization: | $240.41 million
|
© 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.