Trina Solar's ADRs Quoted on the Singapore Exchange GlobalQuote Board
CHANGZHOU, China, Nov. 22, 2010 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, announced today that its American Depositary Receipts ("ADRs") have started trading on the Singapore Exchange ("SGX") GlobalQuote Board under the symbol "K3KD".
The SGX-quoted ADRs are fully fungible with Trina Solar's US-listed ADRs and will give investors the option of trading round-the-clock for the first time. GlobalQuote is SGX's quotation board for international securities such as ADRs, depository receipts and depository shares of companies already listed on other exchanges.
"We are excited to have our ADRs quoted on SGX to more closely connect Trina Solar to our Asia-based investors," said Mr. Jifan Gao, Chairman and CEO of Trina Solar. "We believe Trina Solar's ADR quotation on the SGX GlobalQuote Board can add significant value by increasing access to our Asia-Pacific investors by facilitating trading during local working hours."
"The quotation and trading of Trina Solar ADRs on SGX's GlobalQuote will make available to the company the liquidity pool in Asia during the region's trading hours. This initiative therefore enhances the price discovery process and creates trading opportunities in the ADRs of these US-listed Asian companies," said Mr. Lawrence Wong, Executive Vice President and Head of Listings at SGX.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL), through its wholly-owned subsidiary Changzhou Trina Solar Energy Co. Ltd., is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since its foundation in 1997 as a system installation company. Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. Trina Solar's products provide reliable and environmentally-friendly electric power for a growing variety of end-user applications worldwide. For further information, please visit Trina Solar's website at http://www.trinasolar.com.
About Singapore Exchange
The Singapore Exchange ("SGX") is among the world's largest exchanges and Asia's second largest listed exchange. As the Asian gateway, SGX is the market of choice for investors wanting to participate in Asia's vibrant and rapidly growing economies, and for Asian issuers seeking international capital.
SGX's extensive suite of securities, derivatives and commodities products makes it Asia's most international exchange. SGX's services range from listings, trading, high-speed market access, clearing and settlement to depository services and Central Counter Party services for OTC traded derivatives. With the region's longest trading hours, and powered by cutting-edge technology, SGX is the unparalleled conduit for investment flows into and out of Asia. Visit the Singapore Exchange at http://www.sgx.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; the volatility of the Company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
For further information, please contact: |
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Trina Solar Limited |
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Terry Wang, CFO |
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Phone: + (86) 519-8548-2009 (Changzhou) |
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Thomas Young, Senior Director of Investor Relations |
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Phone: + (86) 519-8548-2009 (Changzhou) |
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Email: [email protected] |
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Brunswick Group |
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Caroline Jinqing Cai |
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Phone: + (86) 10-6566-2256 |
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Michael Fuchs |
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Phone: + (86) 10-6566-2256 |
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Email: [email protected] |
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SOURCE Trina Solar Limited
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