GEORGE TOWN, Cayman Islands
and XINYU CITY, China and
SUNNYVALE, Calif., July 15, 2014 /PRNewswire/ -- LDK Solar Co.,
Ltd. in provisional liquidation ("LDK Solar" or the
"Company") and its Joint Provisional Liquidators, Tammy Fu and Eleanor
Fisher, both of Zolfo Cooper (Cayman) Limited, today
announced that the New York Stock Exchange (the "NYSE") Committee
for Review has rescheduled LDK Solar's review hearing to
Monday, September 8, 2014. The
hearing was originally scheduled on June 26,
2014. The Company has requested a review of the decision
made on March 31, 2014 by the Staff
of NYSE Regulation, Inc. ("NYSE Regulation") to suspend trading in
the Company's American depositary shares ("ADSs") on the New York
Stock Exchange (the "NYSE") and to commence delisting
proceedings.
Trading of the Company's American Depositary Shares has been
suspended by the NYSE since March 31,
2014. Quotations of the Company's American Depositary Shares
have been, and the Company expects will continue to be, available
on the OTCBB market under the symbol "LDKSY".
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 but not limited to, uncertainties relating to
the ability of Company to successfully restructure its debt
obligations, and other 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, mono 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.
SOURCE LDK Solar Co., Ltd.