The voluntary takeover offer for Sunways, submitted by LDK’s German subsidiary, has been accepted following the passing of the additional acceptance period on April 12.
LDK will become a strategic anchor shareholder after the purchase of 6.52 million shares, the company previously acquired 5.79 million shares, equating to around 33% of Sunways’ share capital. The new purchase takes LDK Solar’s total share in the manufacturing company to 70.88% while other investors hold no more than 3% share each.
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