Tag Archives: Xuzhou Zhongsen

LDK Melts Down, Solar Default Signs Grow

Lights dim slowly at LDK

One of China’s 2 major meltdowns in the solar panel sector has taken a big step forward with word that trading in shares of LDK (NYSE: LDK) has been suspended and the de-listing process formally begun as the company liquidates. Meantime, word of a missed interest payment by a building materials maker is sending the latest signal that China will let more companies in ailing sectors default on their debt rather than pay off their creditors. That’s an important signal for the solar sector, which relies heavily on such debt to finance its operations and where many smaller players are in danger of similar defaults. Read Full Post…

News Digest: April 2, 2014

The following press releases and media reports about Chinese companies were carried on April 2. To view a full article or story, click on the link next to the headline.
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  • Building Materials Maker Xuzhou Zhongsen Missed Bond Payment: Report (English article)
  • Qihoo 360 (NYSE: QIHU) In Talks to Acquire Group Buy Site 55Tuan – Source (English article)
  • Inventory At 46 Car Makers Climbs 14 Pct To 86 Bln Yuan (Chinese article)
  • LDK Solar (NYSE: LDK), Joint Provisional Liquidators Provide Update (PRNewswire)
  • Shanda Sells 41 Pct Of Ku6 Media (Nasdaq: KUTV) To Xu Xudong (English article)