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LDK Solar Announces Second Sale Of Shares To Fulai Investments

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LDK Solar Co., Ltd, a vertically integrated manufacturer of PV products, has announced the sale of the remainder 12,000,000 newly issued ordinary shares of LDK Solar to Fulai Investments Limited, at a purchase price of $1.28 per share with an aggregate purchase price of $15,360,000, pursuant to the share purchase agreement dated January 21, 2013, as amended and supplemented by the parties.

Pursuant to the terms of the share purchase agreement, Fulai Investments Limited has the right to designate two non-executive directors to the LDK Solar board now that the parties have consummated the transactions pursuant to the agreement. The net proceeds will be used for general corporate purposes in LDK Solar's operations.

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