IEyeNews

iLocal News Archives

Cayman Islands: LDK Solar announces successful conclusion of provisional liquidation

10440714_g904667tx04We, LDK Solar CO., Ltd., in provisional liquidation, and our joint provisional liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited (“JPLs”), today announced that on April 7, 2015 the Grand Court of the Cayman Islands ordered that, effective on April 21, 2015, the JPLs will be discharged from their duties and our winding-up petition of February 21, 2014 will be dismissed. By this court order, our provisional liquidation will be brought to a successful conclusion on April 21, 2015. Ms. Fu and Ms. Fisher will remain in office in their capacity as the supervisors of our schemes of arrangement, which became effective on December 10, 2014.
Attached hereto as Exhibit 99.1 is our press release issued on April 8, 2015.

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Screen Shot 2015-04-08 at 8.24.08 AMLDK SOLAR CO., LTD., in provisional liquidation
By:
/s/ Jack Lai
Name: Jack K.S. Lai
Title: Company Secretary
Date: April 8, 2015

Exhibit 99.1

LDK Solar Announces Successful Conclusion of Provisional Liquidation
GEORGE TOWN, Cayman Islands, XINYU CITY, China and SUNNYVALE, Calif., April 8, 2015 – LDK Solar CO., Ltd. in provisional liquidation (“LDK Solar” or the “Company”) and its Joint Provisional Liquidators (“JPLs”), Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, today announced that on April 7, 2015 the Grand Court of the Cayman Islands ordered that, effective on April 21, 2015, the JPLs will be discharged from their duties and the winding up petition presented by the Company on February 21, 2014 will be dismissed.
By this order the provisional liquidation of the Company will be brought to a successful conclusion on April 21, 2015. Ms. Fu and Ms. Fisher remain in office in their capacity as the supervisors of LDK Solar’s schemes of arrangement, which became effective on December 10, 2014.
Cautionary Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including risks and uncertainties disclosed in LDK Solar’s filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar’s management as of the date such information was prepared and on its expectations, assumptions, estimates and projections as of such date. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.
About LDK Solar in provisional liquidation
LDK Solar CO., Ltd. in provisional liquidation is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar, through its operating subsidiaries, manufactures polysilicon, monocrystalline and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar’s principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People’s Republic of China. LDK Solar’s subsidiary office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.
For more information contact:

Company in provisional liquidation
Jack Lai
Executive VP and CFO
LDK Solar Co., Ltd.
[email protected]
Provisional Liquidators

Tammy Fu
Zolfo Cooper (Cayman) Limited
Cayman Islands

Eleanor Fisher
Zolfo Cooper (Cayman) Limited
Cayman Islands
[email protected]
+1-345-946-0081

Financial Advisor to Company (in provisional liquidation)
Augusto King
Jefferies LLC
[email protected]
Richard Klein
Jefferies LLC
[email protected]

SOURCE: http://www.streetinsider.com/SEC+Filings/Form+6-K+LDK+Solar+Co.,+Ltd.+For%3A+Apr+08/10440714.html
See also related iNews Cayman stories with links published December 11 2014 “LDK Solar Schemes of Arrangement become effective” at: http://www.ieyenews.com/wordpress/ldk-solar-schemes-of-arrangement-become-effective/

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *