CHANGZHOU, China, June 1 /Xinhua-PRNewswire-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar"), an integrated manufacturer of solar power products based in Changzhou, China, announced today that it priced its follow-on public offering of American depositary shares ("ADSs") at a price of $45.00 per ADS.
This offering consists of 3,600,016 newly issued ADSs to be sold by Trina Solar and 1,806,264 ADSs to be sold by existing shareholders. Each ADS represents 100 ordinary shares of Trina Solar. Trina Solar has granted the underwriters a 30-day option to purchase up to an additional 810,942 ADSs at the public offering price, less the underwriting discount, within 30 days from the date hereof to cover over-allotments, if any.
Merrill Lynch & Co. is the global coordinator and bookrunner for this offering, Cowen and Company and Deutsche Bank are the joint lead managers, and CLSA Asia-Pacific Markets is a co-manager for the offering.
Trina Solar's registration statement relating to these securities was declared effective as of May 31, 2007 by the U.S. Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
A copy of the prospectus relating to the offering may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated, Address: 4 World Financial Center, 250 Vesey Street, New York, New York 10080, United States, Phone: +(1) 212-449-1000.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co., Ltd., is an integrated solar PV manufacturer based in China. The Company began research and development efforts in solar products in 1999 and in 2002 it started the system integration business. The Company moved into the assembly of solar modules in 2004 as well as the manufacturing of monocrystalline ingots, wafers and cells in 2005, 2006, and 2007, respectively. The Company's solar modules provide reliable and environmentally-friendly electric power for residential, commercial, industrial and other applications worldwide. The company sells its products to customers around the globe, including a number of European countries, such as Germany, Spain and Italy, where government incentives have accelerated the adoption of solar power.
For more information, please contact:
Trina Solar Limited
Mr. Sean Shao, CFO
Tel: +86-519-548-6752 (Changzhou)
Mr. Thomas Young, Director of Investor Relations
Tel: +86-519-548-6752 (Changzhou)
Email: ir@trinasolar.com
CCG Elite Investor Relations
Mr. Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Ed Job, CFA
Tel: +1-646-213-1914
Email: ed.job@ccgir.com
