JA Solar Surges on CEO Proposal to Take Company Private
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JA Solar Holdings Co., a Chinese solar manufacturer, advanced the most since 2013 after the company’s chief executive officer proposed paying a premium to scoop up outstanding shares and take the company private.
JA Solar’s American depositary receipts jumped 12 percent to close at $9.07 in New York. Earlier, shares rose 16 percent, the most intraday since Sept. 4, 2013. Each ADR is worth five ordinary shares.