DivestmentJun 1, 2026, 07:07 AM
JinkoSolar Closes 75.1% US Subsidiary Divestment; Receives $97.7M
AI Summary
JinkoSolar Holding Co., Ltd. announced the closing of the previously disclosed disposal of a 75.1% equity interest in its U.S. subsidiary, Jinko Solar (U.S.) Industries Inc., on May 31, 2026. Following the transaction, Jinko Industries is no longer a consolidated subsidiary of JinkoSolar. JinkoSolar U.S. Holding received approximately US$97.7 million, which represents 51% of the total consideration for the disposal.
Key Highlights
- JinkoSolar closed the disposal of 75.1% equity interest in its U.S. subsidiary, Jinko Solar (U.S.) Industries Inc.
- Jinko Industries has ceased to be a consolidated subsidiary of JinkoSolar.
- JinkoSolar U.S. Holding received approximately US$97.7 million as the first tranche of consideration.
- The first tranche represents 51% of the total consideration for the disposal.
- JinkoSolar U.S. Holding now owns 24.9% equity interest in Jinko Industries.
- FH JKV Holdings Limited owns 75.1% equity interest in Jinko Industries.
Price Impact
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