Reuters - China Development Bank Approves Loan for LDK Solar
LDK Solar Co Ltd said China Development Bank Corp approved a loan of 440 million yuan ($71 million), adding to the billions of dollars Chinese state-run banks have already provided to support the country's solar industry, Reuters reported. LDK shares were up 8.4 percent at $1.67 in afternoon trading on the New York Stock Exchange. The loan will be used to finance LDK's investment in hydrochlorination technology for the Mahong polysilicon plant in Jiangxi province, in which LDK has invested more than 12 billion yuan to date.
1 February 2013•2 mins read
