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LDK Solar CEO Plans Silicon IPO Spin-Off
Jiangxi-based LDK Solar (NYSE:LDK) plans to separate its silicon business for an initial public offering on the Hong Kong Exchange, reports 163.com citing CEO Peng Xiaofeng. Peng added that he believes that polysilicon prices will not exhibit the large fluctuations that characterized 2008 markets in the future, the report said.
LDK Solar sold 15% stake in its 15,000-metric-ton annualized capacity polysilicon plant to state-owned Jiangxi International Trust and Investment in November.
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