Orlando, FL -- (SBWIRE) -- 10/07/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On LDK Solar Co., Ltd (ADR) (NYSE:LDK), China Sunergy Co Ltd (NASDAQ:CSUN).
LDK Solar Co., Ltd (ADR) (NYSE:LDK) shares declined 0.59% to $1.68. The company on Sept. 26 announced that it has entered into a 30-day forbearance arrangement with holders of a majority of the aggregate principal amount of its US$-Settled 10% Senior Notes due 2014 (the "Notes"). The forbearance arrangement, which expires on October 27, 2013, relates to the interest payment due under the Notes on August 28, 2013. That interest payment remains unpaid. LDK Solar is hopeful that the forbearance arrangement is the first step in achieving a consensual solution to its obligations under the Notes. It is LDK Solar's intention to find a consensual solution as soon as possible.
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China Sunergy Co Ltd (NASDAQ:CSUN) shares dropped 5.88% to $4.96. The company on Sept. 5 announced that the following shareholder resolutions were adopted at its annual general meeting of shareholders held in Nanjing on September 5, 2013.
China Sunergy's shareholders adopted the following ordinary resolutions proposed by the Company: Retirement and re-election of Mr. Xiaoqian Zhou as a Class C director of the Company; Retirement and re-election of Mr. Wenze Wang as a Class C director of the Company; Retirement and re-election of Mr. Shiliang Guo as a Class C director of the Company; Appointment of the independent auditor Deloitte Touche Tohmatsu Certified Accountants LLP for the fiscal year 2013; Authorization of the board to fix the remuneration of the auditors of the Company; and The directors be, and hereby are, authorized to take any and every action that might be necessary to effect the foregoing resolutions 1 to 5 as such director, in his or her absolute discretion, thinks fit.
Is CSUN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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