JA Solar Surges on CEO Proposal to Take Company Private

(Bloomberg) — JA Solar Holdings Co., a Chinese solar

manufacturer, advanced the most since 2013 after the company’s

chief executive officer proposed paying a premium to scoop up

outstanding shares and take the company private.

JA Solar’s American depositary receipts jumped 12 percent

to close at $9.07 in New York. Earlier, shares rose 16 percent,

the most intraday since Sept. 4, 2013. Each ADR is worth five

ordinary shares.

Chief Executive Officer Baofang Jin proposed paying $9.69

per ADR, according to a statement Friday from the Shanghai-based

photovoltaics manufacturer, a 20 percent premium to Thursday’s

closing price. The company’s board will form a special committee

to consider the offer.

To contact the reporter on this story:

Justin Doom in New York at


To contact the editors responsible for this story:

Reed Landberg at


Robin Saponar

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