Trina Solar Announces the Closing of Over-Allotment Of 675,000 American Depositary...
* Reuters is not responsible for the content in this press release.
Trina Solar Announces the Closing of Over-Allotment Of 675,000 American
Depositary Shares
CHANGZHOU, China, Aug. 17 /PRNewswire-Asia-FirstCall/ -- Trina Solar
Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated
manufacturer of solar photovoltaic products from the production of ingots,
wafers and cells to the assembly of photovoltaic, or PV, modules, announced
today that it closed the sale of an additional 675,000 American depositary
shares, or ADSs, each representing 100 ordinary shares of the Company, on
August 17, 2009, following the exercise in full by the underwriters of their
over-allotment option in connection with the Company's recently-closed
follow-on public offering.
With the sale of the additional 675,000 ADSs to the underwriters,
5,175,000 ADSs in total have been sold in connection with the Company's
follow-on public offering. The Company received aggregate net proceeds of
approximately $142.5 million, after deducting underwriting discounts and
commissions, which includes net proceeds of approximately $18.6 million from
the sale of the 675,000 ADSs pursuant to the over-allotment option.
Goldman Sachs (Asia) L.L.C. and Credit Suisse Securities (USA) LLC acted
as joint bookrunners for the offering, and Piper Jaffray & Co acted as a
co-manager for the offering.
This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, securities, and does not constitute an offer,
solicitation or sale in any jurisdiction in which such offer, solicitation or
sale would be unlawful. Copies of the prospectus supplement and the
accompanying prospectus may be obtained from Goldman, Sachs & Co., Attention:
Prospectus Department, 85 Broad Street, New York, NY, 10004, telephone: (866)
471-2526, facsimile: +1-212-902-9316, or Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, One Madison Avenue, New York, NY 10010,
telephone: (800) 221-1037.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a well recognized manufacturer of high
quality modules and has a long history as a solar PV pioneer since it was
founded in 1997 as a system installation company. Trina Solar is one of the
few PV manufacturers that have developed a vertically integrated business
model from the production of monocrystalline and multicrystalline silicon
ingots, wafers and cells to the assembly of high quality modules. Trina
Solar's products provide reliable and environmentally-friendly electric power
for a growing variety of end-user applications worldwide.
For further information, please contact:
Trina Solar Limited
Terry Wang, CFO
Phone: +86-519-8548-2009 (Changzhou)
Thomas Young, Director of Investor Relations
Phone: +86-519-8548-2009 (Changzhou)
Email: ir@trinasolar.com
Brunswick Group
Caroline Jinqing Cai
Phone: +86-10-6566-2256
Michael Fuchs
Phone: +86-10-6566-2256
Email: trina@brunswickgroup.com
SOURCE Trina Solar Limited
Terry Wang, CFO & Thomas Young, Director of Investor Relations, both of Trina
Solar Limited at +86-519-8548-2009 (Changzhou), ir@trinasolar.com; Caroline
Jinqing Cai & Michael Fuchs, both of Brunswick Group at +86-10-6566-2256,
trina@brunswickgroup.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters