JA Solar gets closer to NASDAQ de-listing

Facebook
Twitter
LinkedIn
Reddit
Email
JA Solar is getting closer to de-listing from NASDAQ and going private after over 90% of the ordinary shares held had voted to agree a merger with its Cayman Islands registered parent company. Image: PV Tech

‘Silicon Module Super League’ (SMSL) member JA Solar is getting closer to de-listing from NASDAQ and going private after over 90% of the ordinary shares held had voted to agree a merger with its Cayman Islands registered parent company, owned primarily by JA Solar’s founder, chairman and CEO, Baofang Jin. 

The SMSL said that around 56.5% of the company’s total outstanding ordinary shares were presented in person or by proxy at today’s extraordinary general meeting to approve the merger, while over 10% of ordinary shares apposed the merger deal.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Baofang Jin and its ‘Rollover Shareholders’ within the buyer group are funding the merger acquisition with a loan of US$160 million from CSI Finance Limited part of CITIC Bank China and Credit Suisse, Singapore Branch.

Read Next

November 4, 2026
Chinese PV manufacturer Trina Solar has emphasised that a reported divestiture of its solar tracker business is in the preliminary stages..
November 3, 2026
Chinese cell manufacturer Solarspace is positioning itself as the prospective controlling shareholder of the veteran PV module producer, Eging PV.
November 2, 2026
Chinese leading solar PV manufacturer Jinko has shipped 15GW of solar modules in the third quarter of 2026.
November 2, 2026
T1 Energy signs offtake agreements for over 1.58GW of solar modules, including domestically produced cells from its G2_Austin facility.
Sponsored
October 27, 2026
Tongwei Solar's TNC 2.0 FULLX G12R-48 is designed for rooftop applications with varying available space and aesthetic requirements.
October 27, 2026
Caelux has signed an agreement with Indian PV manufacturer INA Solar to produce 3GW of perovskite-silicon ‘hybrid tandem’ modules.

Upcoming Events

Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK
Solar Media Events
April 20, 2027
Istanbul, Türkiye