LDK Solar Sued by Shanghai Rural for Overdue Loans, Daily Says
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LDK Solar Co., the second-biggest maker of solar wafers, was sued by Shanghai Rural Commercial Bank for overdue loans worth 100 million yuan ($16 million), the website of the Economic Information Daily reported.
The two parties weren’t able to resolve a dispute before a court hearing on Nov. 21, the newspaper said, citing LDK Solar’s Chief Executive Officer Tong Xingxue. The report didn’t say which court the suit was filed in.