JP Morgan Subscription LDK Solar 400 Million U.S. Dollars Bonds

April 29, the international market value of one of the largest photovoltaic SinoVideo LDK president and chief operating officer Tong Xingxue an interview, said, the company spent five days sold the 400 million U.S. dollars of convertible senior bonds.

For subscription targets, Tong Xingxue said that due to sign a confidentiality agreement not be disclosed. But according to another New York investment bank disclosed that the bond is one of the subscription, JP MORGAN. Then press JP Morgan Shanghai representative office to confirm the news, JP Morgan confirmed the one who really matter.

It is reported that the bond issuance will be used primarily to repurchase company American depositary shares, investment companies and the construction of polycrystalline silicon wafer production capacity expansion, SinoVideo LDK is under construction and 16,000 tons of polysilicon project.

According to informed sources, JP Morgan has been in service for tracking domestic photovoltaic industry, and according to different industry sectors for refining division, with a view to timely grasp opportunities for cooperation with domestic enterprises. JP Morgan currently is actively contact the relevant parties to be listed photovoltaic domestic enterprises, may help to achieve its offshore listing.

Source: 证券日报 May. 6, 2008