Bankruptcy Fears for China's LDK Solar Due to Market Downturn
RENEWABLE ENERGY WORLD - Chinese photovoltaics leader LDK Solar is headed for bankruptcy according to industry observers within China, due to its immense debt burden and a global downturn in the solar energy market.
China’s Nanfang Zhoumo reported on May 26 that bankruptcy rumors have plagued LDK in recent months, causing investors to seek to divest themselves of shares in the company and regional clients to suspend orders for the company’s products.
