Friday, August 29, 2008

New LDK Contract - Hyundai Heavy Industries - 8/29/08

http://investor.ldksolar.com/phoenix.zhtml?c=196973&p=irol-newsArticle&ID=1191975&highlight=

"LDK Solar Co., Ltd, a leading manufacturer of solar wafers, today announced that it has signed a seven-year contract to supply multicrystalline solar wafers to Republic of Korea-based Hyundai Heavy Industries Co., Ltd (HHI).

Under the terms of the agreement, LDK Solar will deliver approximately 440 MW of multicrystalline silicon solar wafers to Hyundai Heavy Industries Co., Ltd over a seven-year period, commencing in 2009 and extending through 2015. Hyundai Heavy Industries Co., Ltd will make a down payment representing a portion of the contract value to LDK Solar."



Another Prepayment.

LDK Demonstrates how they will finance their growth without turning to Dilution.

LDK Demonstrates that they will not play the Short games.



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