Monday, June 15, 2015

BVI company to acquire shares of JA Solar Holdings

The board of directors of JA Solar Holdings Co., Ltd. has received a preliminary non-binding proposal letter from its CEO and Chairman Mr. Baofang Jin and British Virgin Islands-registered company Jinglong Group Co., Ltd., of which Mr. Baofang Jin is the only director. JA Solar’s CEO and BVI company offered to acquire all of its outstanding shares, which are not already owned by them, in a “going private” transaction for US$9.69 per ADS, or US$1.938 per ordinary share in cash, subject to certain conditions.

JA Solar Holdings Co., Ltd., one of the world’s largest manufacturers of high-performance solar power products, is headquartered in Shanghai, China. The company distributes products under its own brand and on behalf of its clients.