| JA Solar Holdings Co., Ltd. today announced that it has entered into an agreement to acquire 100 percent of the shares of Shanghai Jinglong Solar Technology Co., Ltd. from Ningjin Jinglong PV Investment Co., Ltd.. Located in the Minhang Export Processing Zone within the Fengxian district of Shanghai, Shanghai Jinglong Solar Technology Co., Ltd. owns the land, building and facility currently being leased by JA Solar for its module production operation in Fengxian, Shanghai. Through the acquisition, JA Solar would acquire approximately 206,590 square meters of land, 58,706 square meters of buildings and related facilities. Under the terms of the agreement, JA Solar will acquire Shanghai Jinglong Solar Technology Co., Ltd. for a cash consideration of RMB 198.96 million (US $29.3 million), representing the fair value of the company based on an independent third party valuation. The acquisition will enhance JA Solar's ability to further expand its manufacturing operation to better support customers' growing requirements. The acquisition and the terms of the acquisition agreement have been approved by JA Solar's Board of Directors and its independent Audit Committee pursuant to its related-party transaction policies. The transactions have been reviewed and approved by the two companies' Boards of Directors. |
手机版|Archiver|阳光工匠光伏论坛 ( 苏ICP备08005685号 )
GMT+8, 2024-11-23 14:56 , Processed in 1.093750 second(s), 9 queries , File On.
Powered by Discuz! X3.4
Copyright © 2001-2020, Tencent Cloud.
