UPDATE 2-LDK Solar says will miss debt payment; shares down
* LDK's cash levels more than halve in 2nd qtr from 1st qtr
* Says does not have enough cash to make interest payment
* 2nd-quarter loss $0.97/ADS vs $2/ADS year ago
* Sees 3rd-qtr revenue, shipments higher than 2nd qtr
* Shares down 14 pct
By Swetha Gopinath and Garima Goel
Aug 27 (Reuters) - China-based LDK Solar Co Ltd's cash levels dwindled to their lowest in nearly four years and the debt-laden company said it would be unable to meet a debt payment due on Wednesday.
It will be the second time this year that LDK has failed to make a debt payment. The company partially defaulted on a $24 million bond in April, citing a temporary cash flow shortage.
LDK shares were down 14 percent at $1.49 in morning trading on the New York Stock Exchange. Continued...