A lawsuit was filed on behalf of investors in JA Solar Holdings Co., Ltd. (ADR) (formerly NASDAQ: JASO) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 01/16/2019 -- An investor in shares of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), filed a lawsuit over alleged violations of Federal Securities Laws by JA Solar Holdings Co., Ltd. in connection with certain allegedly false and misleading statements.
Investors in shares of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), you have certain options and for certain investors are short and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On November 17, 2017, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) announced that it has entered into an agreement and plan of merger with JASO Holdings Limited ("Holdco"), JASO Parent Limited ("Parent"), a wholly owned subsidiary of Holdco, and JASO Acquisition Limited ("Merger Sub"), a wholly owned subsidiary of Parent, pursuant to which the Company will be acquired by an investor consortium in an all-cash transaction implying an equity value of the Company of approximately $362.1 million. Pursuant to the terms of the Merger Agreement, each ordinary share of the Company issued and outstanding immediately prior to the Effective Time (each a "Share") will be cancelled and cease to exist in exchange for the right to receive $1.51 in cash without interest, and each American depositary share (each an "ADS") of the Company, representing 5 Shares, will be cancelled in exchange for the right to receive $7.55 in cash without interest.
A mere three days later, it was revealed that JA Solar Holdings Co., Ltd would be acquired by Tianye Tonglian in a reverse merger, allowing JA Solar Holdings Co., Ltd to return to the stock market by relisting on the Shenzhen Stock Exchange at a multiple.
Those who purchased shares of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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