LDK Solar Seeks Liquidator in Caymans as Bond Matures
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LDK Solar Co., the solar-cell producer that failed to make a bond payment in August, asked a Cayman Islands court to appoint liquidators to help it resolve “liquidity issues” before the 1.7 billion yuan ($279 million) note matures this week.
The company remains in talks with creditors and isn’t planning to restructure its debts in China, where it’s based, according to a statement today. LDK is incorporated in the Cayman Islands.