Connect with us

Hi, what are you looking for?


Clean Power

JA Solar Going Private? CEO Proposes To Buy Out Other Investors

The primary shareholder of JA Solar — Baofang Jin, who is also the chairman and CEO of the company — recently officially proposed to take the company private via the purchase of all outstanding US American Depositary Shares of the company, according to recent reports.


As it stands, Baofang Jin holds roughly 15.6% of JA Solar’s shares. The company’s stock is currently listed on the NASDAQ exchange. According to Jin, his company Jinglong Group Company would perform the deal via a mixture of debt + equity capital.

The proposal is reportedly being decided upon by a special committee formed of independent directors. Interestingly, Jin commented on the reasons behind the move as being “in the shareholders interest.” Hmmm.

Image Credit: JA Solar

Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.


You May Also Like

Clean Power

JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs.

Clean Power

Trina Solar is now testing a half-frame solar panel for use with solar trackers with hopes to lower the cost per watt for solar...

Clean Power

NEXTracker, the fastest selling solar tracker in the world, inaugurated its expanded bifacial solar test facility at its Center for Solar Excellence in Fremont,...

Clean Power

Following in the footprints of several of its biggest competitors, Korean solar PV manufacturer Hanwha Q CELLS announced last week that it will look to...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.