The debt-ladenPV manufacturer had already sold $31m of shares in January to Fulai Investment– a company incorporated in the British Virgin islands and owned by HongKong-based businessman Cheng Kin Ming.
The earlier deal was said to equateto a 12% stake in LDK, meaning the additional shareholding announced today couldleave the investment group holding around 20% of the PV company. Fulai also gottwo seats on the board as part of the first stake-buying.
LDK is strugglingunder the weight of $2.8bn
