A second Chinese solar company has defaulted on a debt payment to investors, adding to the challenge Beijing faces in fixing its solar industry.
LDK Solar Co. LDK -9.06% said on Tuesday that it missed a $23.8 million bond payment because of a “temporary cash-flow shortage.” LDK said it reached a settlement with two bondholders to delay $16.6 million in payments but that it was still in discussions about the rest.
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Wayne Ma, Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/Cn2m_v_G6s4/
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