LDK Solar (LDK) Completes Sale of 15% Ownership Stake in its 15,000 MT Polysilicon Plant
By Ben Zinga
November 20, 2009 6:49 AM
November 20, 2009 6:49 AM
LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, announced that it completed the sale of a 15% ownership stake in its 15,000 metric ton (MT) annualized capacity polysilicon plant to Jiangxi International Trust and Investment Co., Ltd. for RMB1.5B. The proceeds from the sale have been received by LDK Solar.
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells.
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