Business
JinkoSolar Announces Proposed Sale of A Shares in Its Subsidiary, Jinko Solar Co., Ltd., through Inquiry Transfer and Placement
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that, in order to raise funds for its business operations, the Company intends to sell up to 300,156,075 A shares of Jinko Solar Co., Ltd. ("Jiangxi Jinko"), an indirect, majority-owned principal operating subsidiary of the Company incorporated in the PRC whose A shares are listed on the Shanghai Stock Exchange's Sci-Tech Innova
About this update from Jinko Solar Co., Ltd. Class A
[{"type":"text","content":"SHANGRAO, China, Sept. 12, 2025 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that, in order to raise funds for its business operations, the Company intends to sell up to 300,156,075 A shares of Jinko Solar Co., Ltd. ("Jiangxi Jinko"), an indirect, majority-owned principal operating subsidiary of the Company incorporated in the PRC whose A shares are listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, to certain qualified institutional investors (the "Sale of A Shares"). The Sale of A Shares will be conducted through an inquiry transfer and placement pursuant to the rules of the Shanghai Stock Exchange (the "Inquiry Transfer and Placement"). The purchase price per A share for the Inquiry Transfer and Placement will be no less than 70% of the average trading price of the A shares of Jiangxi Jinko for the 20 consecutive trading days prior to the date of a subscription invitation sent to potential investors (i.e., September 12, 2025, inclusive), in compliance with the rules of the Shanghai Stock Exchange. The completion of the Sale of A Shares is subject to market conditions.","length":1298,"tagName":"p"},{"type":"text","content":""We believe that the sale of A Shares will strengthen our cash flows, improve our cash position, support our ongoing business operations, and enhance our resilience to risks. Meanwhile, it allows us to preserve the capacity for future shareholder returns, reinforcing long-term shareholder value." said Mr. Xiande Li, Chairman and Chief Executive Officer of JinkoSolar.","length":379,"tagName":"p"},{"type":"text","content":"JinkoSolar currently owns approximately 58.59% equity interest in Jiangxi Jinko. Upon the completion of the Sale of A Shares, the Company is expected to own approximately 55.59% equity interest in Jiangxi Jinko.","length":211,"tagName":"p"},{"type":"text","content":"About JinkoSolar Holding Co., Ltd. ","length":34,"tagName":"p"},{"type":"text","content":"JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international ut...