There were 185 press releases posted in the last 24 hours and 399,222 in the last 365 days.

China In-Focus: Trina Solar To Offer 4 Million Of ADS

July 28, 2009 (FinancialWire) — Trina Solar Ltd. (NYSE: TSL) said it plans to offer four million American depositary shares, each representing 100 ordinary shares of the company. Goldman Sachs (NYSE: GS) and Credit Suisse Securities (NYSE: CS) will act as joint bookrunners.

The company plans to grant the underwriters an option to purchase up to an additional 600,000 ADSs.

Trina Solar plans to use the net proceeds of the offering to repurchase some of its 4.00% convertible senior notes due 2013 and to fund facilities expansion and for other general corporate purposes.

The company said that its management will retain broad discretion over the use of proceeds, and that Trina may ultimately use the proceeds for different purposes than what it currently intends.

China-based Trina Solar is a manufacturer of photovoltaic modules.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).