On the evening of February 21st, JA Solar announced that the company plans to issue overseas listed foreign shares (H-shares) and apply for listing on the main board of the Hong Kong Stock Exchange.
JA Solar Technology stated that in order to further promote the company's global development strategy, accelerate the globalization of the market, supply chain, and research and development, create an international capital operation platform, enhance the international brand image, improve the company's capital strength and comprehensive competitiveness, JA Solar Technology Co., Ltd. plans to issue overseas listed foreign shares (H-shares) and apply for listing on the main board of the Hong Kong Stock Exchange Limited.
For the funds raised from this listing, JA Solar Technology stated that they will mainly be used for the company's globalization strategy, including but not limited to: promoting the construction of global overseas production capacity and global marketing network, increasing investment in global R&D and technological transformation, enhancing the company's digital and intelligent capabilities, optimizing capital structure, supplementing working capital, and other general company purposes