JinkoSolar’s Subsidiary Jinko Solar Co., Ltd. Completes Issuance of RMB10 Billion Convertible Bonds – EQ Mag
SHANGRAO, China : 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 Jinko Solar Co., Ltd. (“Jiangxi Jinko”), its majority-owned principal operating subsidiary, completed the issuance of convertible bonds in the principal amount of RMB10 billion (the “Convertible Bonds”) on the Shanghai Stock Exchange’s Sci-Tech Innovation Board, as previously announced on July 28, 2022 and April 3, 2023. The Convertible Bonds have a term of six years and are convertible into Jiangxi Jinko’s ordinary shares.
The Company subscribed for the Convertible Bonds in an aggregate amount of RMB5.5 billion with its special preemptive rights and is subject to a six-month lock-up period. The Company has the right to either sell its Convertible Bonds after the lock-up period or convert the Convertible Bonds into Jiangxi Jinko’s ordinary shares.
JinkoSolar currently owns approximately 58.62% equity interest in Jiangxi Jinko.
About JinkoSolar Holding Co., Ltd.
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 utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.
JinkoSolar had 14 productions facilities globally, 23 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia and Nigeria, and global sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of December 31, 2022.
