The firstdrawdown of 200m yuan was approved and completed this week. The creditfacility, to be extended to subsidiary Jiangxi LDK Solar Hi-Tech, is valid toNovember 2016.
The fundswill not be used to service outstanding debts, the company said in a statement. Rather, they will help the group take “advantage of newopportunities that emerge” once the “global solar industry regains strength”,said president and chief executive Sam Tong.
LDKSolar,
