JA Solar proposes lowering convertible bond price amid expansion plans

JA Solar Technology (SZSE:002459) has announced that its board of directors proposes a downward revision of the "JA Solar Convertible Bonds" conversion price, subject to shareholder approval. This move follows a period where JA Solar's stock price has triggered the downward revision clause, as it traded below 85% of the current conversion price for fifteen trading days between March 11-31, 2025. The current conversion price is CNY 38.22 per share.