JA Solar exits NASDAQ

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JA Solar has requested NASDAQ stop the trading of its ADS shares as of July 17, 2018.

‘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. 

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.

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