HRX,
which
LDK
says
is
partly-backed
by
the
Chinese
state,
will
purchase
newly-issued
shares
for
$0.86
each.
The
purchase
will
amount
to
"approximately
19.9%
of
the
total
issued
and
outstanding
capital
of
LDK
Solar
prior
to
such
issuance,"
says
LDK.
The
new
investor
will
also
get
three
new
director
seats
on
the
LDK
Solar
board.
LDK
revealed
earlier
this
month
that
it
was
talking
to
two
possible
strategic
investors,
at
the
same
time
as
it
won
a
12-month
breathing
space
from
its
creditors
after
defaulting
on
some
of
its
loan…
