JA Solar Forms Committee to Evaluate CEO’s Buyout Offer

(Bloomberg) — JA Solar Holdings Co., a Chinese solar

manufacturer, is evaluating a buyout offer from Chief Executive

Officer Baofang Jin.

The board has formed a committee to consider the proposal

to take the Shanghai-based company private, JA Solar said in a

statement Monday. Shaohua Jia, who was appointed as an

independent director in 2012, will lead the committee.

The proposed group of buyers comprises Jin and closely held

Jinglong Group Co., of which Jin is the sole director.

Jin on June 5 offered to buy the company’s outstanding

American depositary receipts, each worth five ordinary shares,

at a 20 percent premium. The ADRs gained 12 percent that day. JA

Solar rose 0.1 percent to $9.18 at the close in New York on

Monday.

To contact the reporter on this story:

Justin Doom in New York at

jdoom1@bloomberg.net

To contact the editors responsible for this story:

Reed Landberg at

landberg@bloomberg.net

Robin Saponar

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