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Jinko Power Technology's Unit Offloads Solar Power Station Company for 368 Million Yuan; Shares Down 3%
Jinko Power Technology (601778.SH): Intends to transfer 100% equity of Hengfeng Guang San to Changjiang Smart.
Gelonghui November 18th | Jinko Power Technology (601778.SH) announced that, in order to continue to promote the "rolling development" light assets operation strategy and improve capital utilization efficiency, the company's wholly-owned subsidiary Jinko Power intends to sign an equity transfer agreement with Changjiang Intelligence to transfer its holdings of 100% equity in Horizontal Feng Guangsan to Changjiang Intelligence. The consideration for the equity transfer is 368 million yuan. The photovoltaic power station involved in this transaction has an installed capacity of about 300MW, and it also involves a portion of the proceeds raised from the 2022 non-publicly issued stocks that the company has completed and put into operation. The target project of this transfer is Guangdong Nongken Red October.
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JinkoTechnology: Third Quarter Report 2024
Announcement on the main operating data for the first three quarters of 2024
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