North Coast Solar Stocks

November 20, 2009

LDK Solar Completes Sale of 15% Ownership Stake in its 15,000 MT Polysilicon Plant

Filed under: LDK — Tags: , , , , — Jason @ 3:15 am

3:15 am EST, Friday November 20, 2009

XINYU CITY, China and SUNNYVALE, Calif., Nov. 20 /PRNewswire-FirstCall/ — LDK Solar Co., Ltd. (LDK), a leading manufacturer of multicrystalline solar wafers, today 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 RMB1.5 billion. The proceeds from the sale have been received by LDK Solar.

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