Jinko Power Technology (601778.SH) announced that its wholly-owned subsidiary Shanghai JIngping Electrical Utilities Co., Ltd. (referred to as "Shanghai...")
According to Zhito Finance APP, Jinko Power Technology (601778.SH) announced that its wholly-owned subsidiary Shanghai JIngping Electrical Utilities Co., Ltd. (referred to as "Shanghai JIngping") recently signed an "Investment Cooperation Agreement" with Jiaxing Yichen. The two parties agreed to jointly establish a joint venture company (Suzhou Hengyun Real New Energy Technology Co., Ltd.) to collaborate on the development or acquisition of photovoltaic projects held by Shanghai JIngping and its affiliated companies. The initial registered capital of the joint venture company is RMB 0.226 billion, of which Shanghai JIngping contributes RMB 40.74 million and holds 18.0050% of the equity in the joint venture company.
It is reported that this matter is beneficial for the company to improve the turnover efficiency of household Assets, promote further deepening of cooperation with partners, and contribute to the sustainable and healthy development of the company's household Electrical Utilities business.
