The bank sued LDK after the two parties were unable to bridge a dispute before a court hearing scheduled for last week, according to Chinese media.
The overdue portion of the loans amounts to 100m yuan ($16m) – a nearly insignificant amount when set against the $255.8m LDK lost during the first two quarters of the year.
Yet the lawsuit represents another headache – and more bad press – for a company widely believed to be among the most challenged of all top-tier Chinese PV manufacturers.
LDK
