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JinkoSolar Announces Completion of Sale of A Shares in Its Subsidiary, Jinko Solar Co., Ltd., through Inquiry Transfer and Placement
Prnewswire· 2025-09-18 10:51
Core Viewpoint - JinkoSolar has successfully completed the sale of 300,156,075 A shares of its subsidiary, Jiangxi Jinko, to institutional investors at a price of RMB4.90 per share, resulting in the company retaining approximately 55.59% equity interest in Jiangxi Jinko after the sale [1][2]. Group 1 - JinkoSolar is recognized as one of the largest and most innovative solar module manufacturers globally [3][7]. - The sale of A shares was conducted through an inquiry transfer and placement in accordance with the Shanghai Stock Exchange's regulations [1]. - The company has a diversified international customer base, including utility, commercial, and residential sectors across multiple countries [3]. Group 2 - As of June 30, 2025, JinkoSolar operates over 10 production facilities and has more than 20 overseas subsidiaries in various countries [4]. - The company maintains a global sales network with teams located in numerous countries, enhancing its market reach [4].
JinkoSolar Announces Proposed Sale of A Shares in Its Subsidiary, Jinko Solar Co., Ltd., through Inquiry Transfer and Placement
Prnewswire· 2025-09-12 10:17
Core Viewpoint - JinkoSolar plans to sell up to 300,156,075 A shares of its subsidiary Jiangxi Jinko to raise funds for business operations, aiming to strengthen cash flows and enhance shareholder value [1][2]. Group 1: Share Sale Details - The sale will be conducted through an inquiry transfer and placement, with the purchase price set at no less than 70% of the average trading price of Jiangxi Jinko's A shares over the 20 trading days prior to September 12, 2025 [1]. - The completion of the sale is contingent on market conditions [1]. Group 2: Ownership Structure - JinkoSolar currently holds approximately 58.59% equity interest in Jiangxi Jinko, which is expected to decrease to about 55.59% following the sale [3]. Group 3: Company Overview - JinkoSolar is recognized as one of the largest and most innovative solar module manufacturers globally, with a diverse customer base across multiple countries [4]. - The company operates over 10 production facilities and has more than 20 overseas subsidiaries, indicating a strong international presence [5].