LDK Solar Dims As Bright After Debt Offering Delayed

LDK Solar Co., Ltd

shares are down sharply today, losing 78 cents or 9.5% to $7.43 after the company delayed a debt offering today. The company was intending to spin off its operations which produce polysilicon, as it attempts to cut its $1.8 billion in debt, but this does not seem as likely now. LDK Solar Co., Ltd., through its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic products; and development of power plant projects.