Trina Solar Limited, a integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, announced that its American Depositary Receipts ("ADRs") have started trading on the Singapore Exchange ("SGX") GlobalQuote Board under the symbol "K3KD".
The SGX-quoted ADRs are fully fungible with Trina Solar's US-listed ADRs and will give investors the option of trading round-the-clock for the first time. GlobalQuote is SGX's quotation board for international securities such as ADRs, depository receipts and depository shares of companies already listed on other exchanges.
"We are excited to have our ADRs quoted on SGX to more closely connect Trina Solar to our Asia-based investors," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "We believe Trina Solar's ADR quotation on the SGX GlobalQuote Board can add significant value by increasing access to our Asia-Pacific investors by facilitating trading during local working hours."
"The quotation and trading of Trina Solar ADRs on SGX's GlobalQuote will make available to the company the liquidity pool in Asia during the region's trading hours. This initiative therefore enhances the price discovery process and creates trading opportunities in the ADRs of these US-listed Asian companies," said Mr. Lawrence Wong, Executive Vice President and Head of Listings at SGX.