Peng, who will remain as chairman of the board, founded LDK in 2005 and presided over its rapid growth, which saw it become the world’s biggest wafer-maker, with integrated production of polysilicon through to module manufacturing.
After its listing on the US Nasdaq stockmarket in 2007, Peng became one of China’s youngest billionaires with an estimated net worth of $2.5bn by the age of 33, according to the Forbes rich list of 2008.
However,
