Trina Solar has completed its merger with Red Viburnum Company Limited, a wholly-owned subsidiary of Fortune Solar Holdings Limited. The merger completion officially changed Trina Solar into a private-owned company, ceasing its public trade on The New York Stock Exchange (NYSE).

Trina Solar, Red Viburnum and Fortune Solar started their merger plan on August 1, 2016. After months of pursuant to the merging agreement, Trina Solar successfully went private as a wholly-owned subsidiary. Red Viburnum and Fortune Solar jointed invested US$1.1 billion in acquiring Trina Solar’s shares.

Trina Solar’s ordinary shares has been cancelled in exchange for the right to receive US$0.232 in cash per share without interest, and each of the company's American depositary shares (ADSs), each representing 50 shares issued and outstanding immediately prior to the effective time of the merger, has been cancelled in exchange for the right to receive US$11.60 in cash per ADS without interest. Shares transacted include certain shares (including Shares represented by ADSs) owned by Mr. Jifan Gao, Chairman and CEO of Trina Solar and certain of his affiliates, and shares held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the merger pursuant.

Also, Trina Solar has requested to suspend trades of its ADSs on the NYSE on March 13, 2017 as well as requested for delisting. The deregistration will become effective in 90 days after the Securities and Exchanges Commission receives the filing of Form 25.

It is widely believed that Trina Solar will turn to list on China’s A market share, while the schedule or any related plan is yet unveiled.