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Solar module manufacturer Trina Solar Limited sets terms

December 7, 2006
TSL

Trina Solar Limited, a Chinese manufacturer of modules for solar power applications, set the terms for its IPO on Thursday. The company plans to offer 5.3 million ADSs at a range of $13.50-$14.50, which gives the deal a proposed market cap of $308 million. Merrill Lynch will manage the deal. Timing has yet to be announced.