21 November, 2017
JA Solar Holdings Co., Ltd. (Nasdaq: JASO), one of the world’s largest manufacturers of high-performance solar power products, announced on November 17, 2017, that it has entered into a definitive agreement and plan of merger with JASO Holdings Limited (“Holdco”), JASO Parent Limited (“Parent”), a wholly owned subsidiary of Holdco, and JASO Acquisition Limited, a wholly owned subsidiary of Parent, pursuant to which JA Solar will be acquired by an investor consortium in an all-cash transaction implying an equity value of JA Solar of approximately $362.1 million.
Skadden is acting as US legal counsel to the investor consortium, which comprises Mr. Baofang Jin, chairman and chief executive officer of JA Solar, Jinglong, a British Virgin Islands company of which Mr. Baofang Jin is the sole director, and other shareholders. The Skadden corporate team is lead by partner Peter Huang and associates Peter Qiu and Min Lu. The Skadden banking team is led by partner Clive Rough and Asia Pacific counsel Katharine Reynolds.
For more information, please see JA Solar's announcement here.
