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JA Solar Holdings Co Ltd And Jinglong Group Secures Credit Facility From Bank Of Communications Of China


Monday, 5 Aug 2013 06:30am EDT 

JA Solar Holdings Co. Ltd announced that JA Solar and Jinglong Group, a related party of JA Solar, have secured a RMB550 million credit facility from the Bank of Communications of China. Of the credit facility, RMB250 million (USD40.8 million) will be available to JA Solar and RMB300 million (USD48.9 million) will be available to Jinglong Group. JA Solar intends to use the credit facility for working capital and general corporate purposes.