Transactions by LDK SOLAR CO LTD -ADR (LD41) in the last 6 months

Shanghai QianJiang Group signed a purchase agreement to acquire LDK Anhui from LDK Solar Co., Ltd. (NYSE:LDK) for CNY 25 million on January 2, 2013. According to the terms of the agreement, Qianjiang Group will release the guarantee LDK Solar provided to LDK Anhui and its subsidiaries within 12 months, as well as compensate LDK Solar for any loss associated with such guarantee, prior to its release. As of September 30, 2012, LDK Anhui carried consolidated negative net ... assets of approximately $54 million (CNY 341.23 million). LDK Solar anticipates that the divestiture of LDK Anhui will increase LDK Solar's pro forma consolidated net assets as well as decrease LDK Solar's pro forma consolidated asset-to-liability ratio by approximately 1.8%. The deal is subject to relevant governmental approvals and is expected to close on April 3, 2013. As of April 16, 2013, Shanghai Qianjiang Group failed to secure government approvals by the expiration date of March 30, 2013. Morgan Stanley acted as financial advisor for LDK Solar. The conversions were made through www.oanda.com on September 30, 2012.
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