Solar cell manufacturer JA Solar Holdings Co. Ltd. says it has completed its acquisition of Silver Age Holdings Ltd., a British Virgin Islands-based company that owns 100% of Solar Silicon Valley Electronic Science and Technology Co. Ltd., a China-based producer of monocrystalline solar wafers.
JA Solar issued 30.901 million ordinary shares to the sellers, including Jinglong Group Co. Ltd., an affiliate of the company, as consideration.
Located in Langfang City, Hebei Province, Solar Silicon Valley operates a wafer production facility and also produces quartz crucibles, a key consumable material used in the solar manufacturing industry.
