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LDK Solar Co

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2012

    Solar giant LDK Solar's debt crisis and bankruptcy reorganization; banks may lose RMB 23 billion

    LDK Solar overexpanded amid an industry downturn and carried high debt. It entered bankruptcy reorganization in 2015, with bank claims of about RMB 27.1 billion and a recovery rate of only about 14.75%; 12 creditor banks collectively opposed the plan, but the court still approved it by force. Banks were expected to lose about RMB 23 billion; in 2018 its assets were acquired for RMB 1.795 billion.

    Source