The news, which was reported in yesterdays edition of "Handelsblatt", helped to boost the German inverter manufacturers shares by almost 20 percent, thus increasing them to 4.37 each.
Prior to that, LDKs financial executive Jack Lai said that the company wanted to build on its existing capabilities through acquisitions.
"We are very interested in joining with German companies," he told Handelsblatt in an interview. "Above all, is technology important." And although Lai did not expressly say that LDK was looking to take over Sunways, market sources have reported this.
The rational behind the proposed move is that German photovoltaic companies can combine their good brand image and technology with the Chinese labor costs.
The two photovoltaic companies already cooperate with each other since LDK sources a part of its solar cells from Sunways. "Before people marry, they get engaged, and before that, they go out with each another," added Lai, who went on to say that the two companies are in the last phase before the wedding.
Sunways didnt comment on the rumors.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.