North Coast Solar Stocks

December 9, 2009

LDK Solar Reportedly Plans Polysilicon Spinout

Filed under: LDK — Tags: , , , , , — Jason @ 9:28 am

By Eric Savitz
barrons.com

LDK Solar (LDK) plans to spin off its polysilicon business as an IPO on the Hong Kong Stock Exchange, according to JLM Pacfiic Epoch, which cites a report on the Chinese site 163.com that quoted LDK CEO Peng Xianfeng.

Peng reportedly said that he believes poly prices will in the future not exhibit the large fluctuations that have characterized the markets in the recent past.

LDK in November sold a 15% stake in its its polysilicon plant in Xinyu City, China, to Jiangxi International Trust for about $219 million.

LDK this morning is up 25 cents, or 2.8% to $9.30.

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