Summary by Moomoo AI
JinkoSolar's subsidiary, Jiangxi Jinko, intends to issue up to 1,000,519,986 A shares as Global Depositary Receipts (GDRs) on the Frankfurt Stock Exchange. The GDR Offering, representing up to 10% of Jiangxi Jinko's total share capital, aims to raise a maximum of RMB4.5 billion. Proceeds will fund a 1 GW module project in the U.S., a 14 GW integrated production base in Shanxi, and working capital.Post-offering, JinkoSolar's equity in Jiangxi Jinko will decrease from 58.59% to approximately 53.26%. The completion of the offering is subject to shareholder approval and regulatory clearances from Chinese and German authorities. JinkoSolar cautions that the successful completion, timeline, and final size of the offering cannot be guaranteed.
