XINYU, China and SUNNYVALE, Calif., Feb. 19, 2015 /PRNewswire/ — LDK Solar CO., Ltd. in provisional liquidation (“LDK Solar”, OTC Pink: LDKYQ) today announced that, on February 18, 2015, Judge Laurie Selber Silverstein of the United States Bankruptcy Court for the District of Delaware entered final decrees closing LDK Solar’s Chapter 15 bankruptcy proceeding as well as the Chapter 11 bankruptcy proceedings of three of LDK Solar’s U.S. subsidiaries, LDK Solar Systems, Inc., LDK Solar USA, Inc. and LDK Solar TechUSA, Inc. (collectively, the “U.S. Debtors”).
As previously announced, on November 21, 2014, LDK Solar obtained U.S. recognition and enforcement of its Cayman Islands scheme of arrangement, and the U.S. Debtors obtained confirmation of their Chapter 11 plan of reorganization. This entry of the final decrees was the last step in the U.S. bankruptcy proceedings for LDK Solar and the U.S. Debtors, and marks their formal closure.
Cautionary Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including risks and uncertainties disclosed in LDK Solar’s filings with the U.S. Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar’s management as of the date such information was prepared and on its expectations, assumptions, estimates and projections as of such date. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.
About LDK Solar in provisional liquidation
LDK Solar CO., Ltd. in provisional liquidation is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar, through its operating subsidiaries, manufactures polysilicon, monocrystalline and multicrystalline ingots, wafers, cells, modules, systems, power projects and PV solutions. LDK Solar’s principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People’s Republic of China. LDK Solar’s subsidiary office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.