JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) stock shows positive movement of 14.99%


Dallas, Texas 07/16/2013 (Financialstrend) – The results of the annual general meeting of the shareholders of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) held on June 28, 2013 have been recently announced by the company. One of the leading manufacturers involved in high performance solar module products announced that its shareholders approved the audited financial performance results of the company and the reports of Chairman and Chief Executive Officer prepared for the fiscal year 2012.

Furthermore, the shareholders reelected Mr. Yuwen Zhao as the independent director to the board and approved the appointment of Mr. Shaohua Jia as another independent director. In addition, JASO recently amended its the Articles of Association in order to change the value of American Depository Shares of the company. One ADS of the company will now represent 5 shares of US $0.0001 in the capital of JASO, while previously it was at one share of US $0.0001. This recent amendment to the Article 2 of the Third Amended and Restated Articles of Association of the company has also been approved at the annual shareholders meeting.

Intraday range was from a low price of $8.00 to a high price of $8.95. The share price of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) closed for the day at $8.95, recording an increase of 14.99%. The price range of JA Solar Holdings for the past 52 weeks was from $2.91 to $11.40. The stock opened at the price of $8.15 on Monday with a market capitalization of $361.84 million and 40.45 million outstanding shares. With an institutional ownership of 10%, the trading volume for the day of JA Solar Holdings was 5.52 million and the average trading volume was 1.90 million shares.