DivestmentMay 8, 2026, 07:31 AM
JinkoSolar Sells 75.1% Stake in US Subsidiary for $191.5M
AI Summary
JinkoSolar Holding Co., Ltd. announced that its subsidiary, JinkoSolar (U.S.) Holding Inc., has agreed to sell a 75.1% equity interest in Jinko Solar (U.S.) Industries Inc. to FH JKV Holdings Limited for approximately US$191.5 million. Following the disposal, JinkoSolar U.S. Holding will retain a 24.9% stake, and Jinko Industries will no longer be a consolidated subsidiary. The company stated that this divestment aligns with its strategic restructuring of overseas business, aiming to enhance operational efficiency, flexibility, and overall risk profile.
Key Highlights
- JinkoSolar (U.S.) Holding Inc. to sell 75.1% equity interest in Jinko Solar (U.S.) Industries Inc.
- Consideration for the disposal is approximately US$191.5 million.
- The buyer is FH JKV Holdings Limited.
- JinkoSolar U.S. Holding will retain a 24.9% equity interest in Jinko Industries.
- Jinko Industries will cease to be a consolidated subsidiary of JinkoSolar.
- Consideration will be settled in three tranches: 51%, 15.71%, and 33.29%.
- Disposal aligns with strategic restructuring of overseas business to improve operational efficiency and risk profile.
- Independent valuation of Jinko Industries was approximately RMB1,797 million as of November 30, 2025.