Cash-strapped LDK Solar (LDK +8.8%) jumps after scoring a $69.8M loan from China Development...

|About: LDK Solar Co., Ltd. (LDK)|By:, SA News Editor

Cash-strapped LDK Solar (LDK +8.8%) jumps after scoring a $69.8M loan from China Development Bank to finance an upgrade to a polysilicon plant. The news comes a week after LDK announced it's selling a 12.1% stake to peer Funai Investment. Meanwhile, Suntech (STP +4.4%) announces it has completed a 3.5MW Saudi project, and First Solar (FSLR +0.1%) discloses it has bought a 50MW project based in Luna County, NM and set to be finished in 2014.