‘Silicon Module Super League’ (SMSL) member JA Solar has said that its previously planned acquisition by an investor consortium via an all-cash transaction led by its founder, chairman and CEO, Baofang Jin had been completed, resulting in de-listing from the NASDAQ stock exchange.
JA Solar has requested NASDAQ stop the trading of its ADS shares as of July 17, 2018.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
A loan facility to fund the acquisition was led by CSI Finance and Credit Suisse AG, Singapore Branch were acting as lead arrangers and underwriters for the Buyer Group’s loan facility.
A number of China-based PV manufacturers have left either the NYSE or NASDAQ in recent years, due to bankruptcy (Suntech, LDK Solar), de-listed (Yingli Green, CSUN) or through planned exits (Trina Solar, JA Solar).
Only two SMSL members, JinkoSolar and Hanwha Q CELLS continue to be listed on main US stock exchanges.
