JinkoSolar’s Subsidiary Jinko Solar Co., Ltd. Completes its IPO Process and Starts Trading on the Shanghai Stock Exchange – EQ Mag Pro
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 the Company’s principal operating subsidiary, Jinko Solar Co., Ltd. (“Jiangxi Jinko”), has completed its initial public offering (“IPO”) process and started trading on the Shanghai Stock Exchange’s Sci-Tech innovation board (SSE, code: 688223) on January 26, 2022.
Jiangxi Jinko has issued 2,000,000,000 shares representing approximately 20% of the total 10,000,000,000 shares outstanding after the IPO. The shares were issued at a public offering price of RMB5.00 per share and the total gross proceeds of the IPO are approximately RMB10.00 billion. After the IPO, JinkoSolar owns approximately 58.62% of Jiangxi Jinko. On the first trading day of January 26, 2022, Jiangxi Jinko’s shares closed at RMB10.55 per share, up 111.00% as compared to the IPO price.
Mr. Xiande Li, JinkoSolar’s Chairman of the Board of Directors and Chief Executive Officer, commented, “We are thankful for this opportunity and are very excited to have reached this milestone so efficiently. We must first give the utmost credit to the diligent work and efforts of our team. As we continue to scale and grow, having access to capital will boost our competitiveness as we leverage our network and resources accumulated over the years to strengthen our leading position in the global PV industry. Looking ahead, we are confident to achieve continuous growth and are committed to creating sustainable value for all our shareholders both in China and globally.”
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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 31 GW for mono wafers, 19 GW for solar cells, and 36 GW for solar modules, as of September 30, 2021.
JinkoSolar has 9 productions facilities globally, 22 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of September 30, 2021.
