JA Solar Vietnam Secures Long-term Buyer Credit Loan Facility of US$68.4 Million with China Minsheng Bank Corporation Limite...
July 10 2018 - 8:00AM
A Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the
"Company"), one of the world's largest manufacturers of
high-performance solar power products, today announced that its
wholly-owned subsidiary, JA Solar Vietnam Company Limited (“JA
Solar Vietnam”, or the “Subsidiary”) had entered into a long-term
buyer credit loan agreement with China Minsheng Bank Corporation
Limited Shijiazhuang Branch (the “Lender”) to fund the
procurement of equipment at JA Solar Vietnam’s 1.5 GW of wafer
manufacturing facility.
Under the terms of the loan agreement, the Lender agreed to
provide the Subsidiary with a loan facility of up to US$68,396,100
with a seven-year term. In addition, the Company had signed a
guarantee agreement with the Lender, under which the Company will
provide corporate guarantee against the loan facility.
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by words such as "may," "expect," "anticipate,"
"aim," "intend," "plan," "believe," "estimate," "potential,"
"continue," and other similar statements. Statements other than
statements of historical facts in this announcement are
forward-looking statements, including but not limited to, our
expectations regarding the expansion of our manufacturing
capacities, our future business development, and our beliefs
regarding our production output and production outlook. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions,
estimates and projections about the Company and the industry.
Further information regarding these and other risks is included in
Form 20-F and other documents filed with the Securities and
Exchange Commission. The Company undertakes no obligation to update
forward-looking statements, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that its expectations will turn out to be correct, and
investors are cautioned that actual results may differ materially
from the anticipated results.
About JA Solar Holdings Co., Ltd.
JA Solar Holdings Co., Ltd. is a leading manufacturer of
high-performance solar power products that convert sunlight into
electricity for residential, commercial, and utility-scale power
generation. The Company is one of the world’s largest producers of
solar power products. Its standard and high-efficiency product
offerings are among the most powerful and cost-effective in the
industry. The Company distributes products under its own brand and
also produces on behalf of its clients. The Company shipped 7.6 GW
of solar power products in 2017. JA Solar is headquartered in
Beijing, China, and maintains production facilities in Shanghai,
Hebei, Jiangsu, Inner Mongolia and Anhui provinces in China, as
well as Penang, Malaysia and Bac Giang, Vietnam.
For more information, please visit www.jasolar.com.
CONTACT:The Blueshirt Group Ralph FongPhone: +1 (415)
489-2195Email: ralph@blueshirtgroup.com
JA Solar Holdings, Co., Ltd. ADS, Each Representing Five Ordinary Shares (delisted) (NASDAQ:JASO)
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