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JA Solar Completes Acquisition of Solar Silicon Valley

published: 2011-12-02 14:52

JA Solar Holdings Co., Ltd., (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced that it has successfully completed its previously announced acquisition of Silver Age Holdings Limited, a British Virgin Islands company that owns 100% of Solar Silicon Valley Electronic Science and Technology Co., Ltd. ("Solar Silicon Valley"), a leading producer of mono-crystalline solar wafers based in China.

JA Solar issued 30.901 million ordinary shares to the sellers, including Jinglong Group Co., Ltd., an affiliate of the Company, as consideration.

Located in the Yanjiao Economic & Technology Development Zone in Langfang City, Hebei Province, Solar Silicon Valley operates a wafer production facility and also produces quartz crucibles, a key consumable material used in the solar manufacturing industry.

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