JA Solar (JASO) Acquires Shanghai Jinglong Solar

Posted by Tate Dwinnell | # |
07:12:05 pm on July 6, 2010

JA Solar (JASO) announced after the bell today that it has acquired 100% of the shares of Shanghai Jinglong Solar Technology from Ningling Jinglong PV Investment of which JA Solar’s Chairmen, Baofang Jin, owns a controlling interest.  The total purchase price of $29.3 million includes more than 206K square meters of land and 58K square meters of facilities which JA Solar had been leasing.  An outright purchase provides the company more flexibility to expand its manufacturing operations.

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