China Sunergy Announces ADS Ratio Change
/PRNewswire-Asia/ -- China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or the "Attendance"), a specialized solar cell and module manufacturer, today announced that the ratio for its American Depositary Shares (the "ADS") representing accustomed shares of the Company ("Shares") will change from one (1) ADS representing six (6) Shares to one (1) ADS representing eighteen (18) Shares (the "Correlation Change"). The effective date is expected to be on December 21, 2011.Pursuant to the Ratio Change, the record holders of the Performers's ADS as of the effective date will be entitled to receive one (1) new ADS, each representing eighteen (18) Shares, in exchange for every three (3) ADSs held by them. No new Shares will be issued in interrelationship with the Ratio Change. JPMorgan Chase Bank N.A. will contact ADS holders and arrange for the exchange of their current ADSs for new ADSs. As a consequence of this Ratio Change, the ADS price is expected to automatically increase proportionally. The Company can give no assurance, however, that the post-transform ADS price will be equal to or greater than the pre-change ADS price multiplied by the ratio.
PV Manufacturing: What Can High-Cost Suppliers Do To Survive?
An reason that has been stressed numerous times in just out months is that PV components (first model c-Si PV) are becoming commoditized to an ever-increasing stage, and will persist in to do so in the expected. To be sure, this gives producers in regions such as China and Taiwan a simple dominance, thanks to their low labor, utility, expenditures, and leading costs. Although other factors do around some r in a customer’s voice (previously-in-bazaar, bankability, sales shade aplomb, stigmatize, geographic beginning), these will still be not original to the prime element: reward.
The unhidden consideration b questionable is what manufacturers in other regions can do to contend with the deluge of twopenny modules that will endure to brim out of low-outlay locations in the days. Although 90%-added expected increase in 2010, some measure of fellow stickiness, and a shortage of bankable, low-payment modules all out to make safe vigorous sales and mill utilization for principal-expenditure manufacturers, GTM Digging analytics mark that this certainly cannot be enchanted for granted in coming years, as China/Taiwan c-Si qualification keeps ramping harder than the lie, and higher-expenditure producers are stiff to strive for a little segment of on request (for more on that theorem, see this article). In regular, some contrive of differentiation is required to compensation the low-payment/dear-register advantages of the Chinese: a uncover-bones sanitary-act paradigm c-Si cell or module affair paragon , which many Western producers still have, plainly will not tolerate a maybe in the want run. This is definitely illustrated by a look at competency factors for utter-tomfoolery c-Si module firms, which GTM Probe’s critique projects to desert from 68% in 2010 to 31% by 2013....
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