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SOURCE LDK Solar Co., Ltd.
GEORGE TOWN, Cayman Islands and XINYU CITY, China and SUNNYVALE, Calif., July 15, 2014 /PRNewswire/ -- LDK Solar Co., Ltd. in provisional liquidation ("LDK Solar" or the "Company") and its Joint Provisional Liquidators, Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Limited, today announced that the New York Stock Exchange (the "NYSE") Committee for Review has rescheduled LDK Solar's review hearing to Monday, September 8, 2014. The hearing was originally scheduled on June 26, 2014. The Company has requested a review of the decision made on March 31, 2014 by the Staff of NYSE Regulation, Inc. ("NYSE Regulation") to suspend trading in the Company's American depositary shares ("ADSs") on the New York Stock Exchange (the "NYSE") and to commence delisting proceedings.
Trading of the Company's American Depositary Shares has been suspended by the NYSE since March 31, 2014. Quotations of the Company's American Depositary Shares have been, and the Company expects will continue to be, available on the OTCBB market under the symbol "LDKSY".
Cautionary Note Regarding Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, uncertainties relating to the ability of Company to successfully restructure its debt obligations, and other risks and uncertainties disclosed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date such information was prepared and on its expectations, assumptions, estimates and projections as of such date. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.
About LDK Solar in provisional liquidation
LDK Solar Co., Ltd. in provisional liquidation is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar, through its operating subsidiaries, manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. LDK Solar's principal manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's subsidiary office in the United States is located in Sunnyvale, California. For more information about LDK Solar and its products, please visit www.ldksolar.com.
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