LDK Solar Closes 25M Share Purchase Transaction with Heng Rui Xin Energy

LDK Solar

today announced that it closed the share purchase agreement entered into on October 19, 2012 with Heng Rui Xin Energy Co., Ltd., a PRC company invested by privately owned and state-owned funds ("HRX"), with 25,307,497 ordinary shares issued by LDK Solar to Heng Rui Xin Energy (HK) Co., Limited, a wholly owned subsidiary of HRX, accounting for approximately 19.9% of the total issued and outstanding capital of LDK Solar prior to such issuance, upon receipt by LDK Solar of the purchase price of US$0.86 per share.