GEORGE TOWN, CAYMAN ISLANDS; XINYU CITY, CHINA & SUNNYVALE, USA: LDK Solar Co. Ltd in provisional liquidation and its Joint Provisional Liquidators Tammy Fu and Eleanor Fisher, both of Zolfo Cooper (Cayman) Ltd, announced that The NYSE Regulation Inc. Board of Directors' Committee for Review affirmed on September 22, 2014 the delisting decision of the staff of the NYSE Regulation Inc. with respect to the company's American depositary shares formerly listed on the New York Stock Exchange.
The NYSE Committee's decision follows a review of submissions made by the Company and a hearing with the NYSE Committee on September 9, 2014 attended by the company and its advisors.The ADSs will remain being quoted on the OTC Pink Ltd Information until the company qualifies for listing on an alternate stock exchange.
In addition, upon the application of the Company (acting by the JPLs) and its subsidiaries, LDK Silicon & Chemical Technology Co. Ltd and LDK Silicon Holding Co. Ltd, by originating summonses filed on September 11, 2014 to the High Court of Hong Kong, the Hong Kong Court made an order dated and filed on September 23, 2014 to direct the Hong Kong Scheme Companies to convene the class meetings of their creditors on October 16, 2014 (starting at 8:40 p.m.), Cayman time, and October 17, 2014 (starting at 9:40 a.m.), Hong Kong time, to vote on the Hong Kong schemes of arrangement.
The Hong Kong Court is currently scheduled to hear the petition in respect of the Hong Kong schemes of arrangement on November 7, 2014, at which hearing the Hong Kong Court will determine whether or not to sanction the Hong Kong schemes of arrangement.
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