JA Solar Jumps On CEO Bid; Yingli May Turn A Profit

By | June 5, 2015

Scalper1 News

JA Solar (JASO) shares jumped Friday after the Chinese solar module and cell maker’s CEO offered to take the company private. CEO Baofang Jin said he would pay $9.69 per U.S. share for each share he doesn’t currently own, a 20% premium on Thursday’s closing price. The CEO along with his company, Jinglong Group, already own 15% of JA Solar. JA Solar shares rose 12.3% to 9.07 after climbing as high as 9.36 on the stock market today. JA Solar’s board Scalper1 News

Scalper1 News