We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Distant sun

1 December 2014 By Peter Thal Larsen

Troubled LDK Solar avoided liquidation after bondholders agreed to convert around $700 mln of offshore debt into shares. But the loss-making company owes mainland banks $2.5 bln. It’s a reminder that when things go wrong in China, overseas creditors are at the back of the queue.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)