JA Solar announced on February 21st that the company plans to issue foreign shares listed overseas (H shares) and apply for listing on the Main Board of the Hong Kong Stock Exchange.
JA Solar stated that to further promote the company’s globalization development strategy, accelerate the integrated globalization construction of markets, supply chains, and research and development, build an international capital operation platform, enhance the international brand image, and improve the company’s capital strength and comprehensive competitiveness, JA Solar plans to issue foreign shares listed overseas (H shares) and apply for listing on the Main Board of The Stock Exchange of Hong Kong Limited.
Regarding the funds raised from this IPO, JA Solar indicated that they will be primarily used for the company’s globalization strategy purposes, including but not limited to: advancing global overseas capacity construction and global marketing network development, increasing investment in global R&D and technological upgrades, enhancing the company’s digitization and intelligence capabilities, optimizing capital structure, supplementing working capital, and other general corporate purposes.
