Shareholders of JA Solar approved Merger Agreement
Post date: 12/03/2018 - 19:47
JA Solar Holdings Co. Ltd. announced that at an extraordinary general meeting of shareholders held on March 12, the company’s shareholders »voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger« among the company, JASO Holdings Limited (»Holdco«), JASO Parent Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (»Parent«), and JASO Acquisition Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of Parent (»Merger Sub«). The Merger Sub will be merged with and into the JA Solar Holdings (»Merger«), with the Company continuing as the surviving company and becoming a wholly owned subsidiary of the Parent. Approximately 56.5 percent of the Company’s total outstanding ordinary shares presented in person or by proxy at the general meeting. The Merger, the Plan of Merger, and the transactions contemplated thereby, including the Merger, were approved by over 90 percent.