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LDK Solar (LDK) spikes on share agreement

Wednesday,23 January,2013

LDK Solar Co., Ltd. (NYSE: LDK) shares increased 3.6% to $2.04 after the company announced that it has entered into a share purchase agreement dated January 21, 2013 with Fulai Investments Limited, which has agreed to purchase 17,000,000 newly issued ordinary shares of LDK Solar, at a purchase price of $1.83 U.S. per share with an aggregate purchase price of $31.1 million U.S. Share volume was 190,000, compared to an all-day average of 226,000



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