ENP Newswire -
Release date- 06062014 -
The Company also priced the concurrent offering of
The closing of the ADS Offering is contingent upon the closing of the Notes Offering and the closing of the Notes Offering is contingent upon the closing of the ADS Offering. The offerings are expected to close on
In connection with the Notes Offering, the Company entered into zero-strike call options (the 'call options') with one or more of the initial purchasers (or their affiliates) of the Notes Offering (the 'option counterparties'). The call options are intended to facilitate the hedging of their investments by the investors in the Notes.
The Company has been advised that, in connection with establishing their initial hedge of the call options, the option counterparties (or their affiliates) expect to enter into one or more derivative transactions with respect to the ADSs with purchasers of the Notes concurrently with or after the pricing of the Notes.
This activity could increase (or reduce the size of any decrease in) the market price of the ADSs or the Notes at that time. In addition, the option counterparties (or their affiliates) may modify their hedge positions by entering into or unwinding one or more derivative transactions with respect to the ADSs and/or purchasing or selling ADSs or other securities of the Company in secondary market transactions at any time, including following the pricing of the Notes and shortly after the maturity of the Notes (and, the Company has been advised, are likely to unwind their derivative transactions and/or purchase or sell ADSs in connection with any conversion, repurchase or redemption of the Notes).
These activities could also cause or avoid an increase or cause or avoid a decrease in the market price of the ADSs or the Notes.
The ADSs have been offered under the Company's existing shelf registration statement which was filed with the
A copy of the prospectus supplement and the base prospectus relating to the ADS Offering may be obtained by contacting (i)
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. These forward-looking statements can be identified by words such as 'will,' 'may,' 'expect,' 'anticipate,' 'aim,' 'intend,' 'plan,' 'believe,' 'estimate,' 'potential,' 'continue,' and other similar statements.
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 its activities; the effectiveness, profitability and marketability of its products; our expectations regarding the expansion of the Company's manufacturing capacities; the Company's future business development; the Company's downstream project development and pipeline; the Company's beliefs regarding its production output and production outlook; 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; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff and other risks detailed in the Company's filings, including its annual report on Form 20-F filed on
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 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.
Tel: + (86) 519-8517-6823
Tel: + (86) 519-8517-6878
Tel: + (86) 10-5960-8600
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
SEPTEMBER 2, 2014
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