LDK Solar Liquidators Hired as Company Plans to Wind Up Business
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LDK Solar Co., the solar-wafer manufacturer that has missed bond repayments, said liquidators have been appointed to pursue its petition to wind up the business due to insolvency.
A Cayman Islands court scheduled a hearing over its petition to wind up the company to allow creditors to be heard on April 2, LDK said yesterday in a statement. Tammy Fu and Eleanor Fisher of Zolfo Cooper (Cayman) Ltd. were appointed as the liquidators.