Trina Solar Closes Follow-On Public Offering of 4,500,000 American Depositary Shares
August 03 2009 - 5:36PM
PR Newswire (US)
CHANGZHOU, China, Aug. 3 /PRNewswire-Asia-FirstCall/ -- Trina Solar
Limited (NYSE:TSL) ("Trina Solar" or the "Company"), a leading
integrated manufacturer of solar photovoltaic products from the
production of ingots, wafers and cells to the assembly of
photovoltaic, or PV, modules, announced today that its follow-on
public offering of 4,500,000 American depositary shares, or ADSs,
each representing 100 ordinary shares of the Company, was closed on
August 3, 2009. The Company received aggregate net proceeds of
approximately $123.9 million, after deducting underwriting
discounts and commissions. Goldman Sachs (Asia) L.L.C. and Credit
Suisse Securities (USA) LLC acted as joint bookrunners for the
offering, and Piper Jaffray & Co acted as a co-manager for the
offering. The offering was being made under Trina Solar's
"automatic shelf" registration statement on Form F-3 filed with the
Securities and Exchange Commission on July 27, 2009. This press
release does not constitute an offer to sell, or the solicitation
of an offer to buy, securities, and does not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful. Copies of the prospectus
supplement and the accompanying prospectus may be obtained from
Goldman, Sachs & Co., Attention: Prospectus Department, 85
Broad Street, New York, NY, 10004, telephone: +1(866) 471-2526,
facsimile: +1-212-902-9316, or Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, One Madison Avenue, New York, NY
10010, telephone: +1(800) 221-1037. About Trina Solar Limited Trina
Solar Limited (NYSE:TSL) is a well recognized manufacturer of high
quality modules and has a long history as a solar PV pioneer since
it was founded in 1997 as a system installation company. Trina
Solar is one of the few PV manufacturers that have developed a
vertically integrated business model from the production of
monocrystalline and multicrystalline silicon ingots, wafers and
cells to the assembly of high quality modules. Trina Solar's
products provide reliable and environmentally-friendly electric
power for a growing variety of end-user applications worldwide.
DATASOURCE: Trina Solar Limited CONTACT: Terry Wang, CFO &
Thomas Young, Director of Investor Relations, both of Trina Solar
Limited at +86-519-8548-2009 (Changzhou), ; Caroline Jinqing Cai
& Michael Fuchs, both of Brunswick Group at +86-10-6566-2256,
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