Stock Track | JinkoSolar Soars 5.47% on Plans to Sell 300 Million Shares of Subsidiary

Stock Track
Sep 12, 2025

JinkoSolar Holding Company (JKS) saw its stock soar 5.47% in pre-market trading on Friday following the announcement of its intention to sell a significant stake in its subsidiary. The Chinese solar module manufacturer revealed plans to sell up to 300.2 million A shares of its main operating subsidiary, Jiangxi Jinko, which is listed on the Shanghai stock exchange.

The share sale will be conducted through inquiry transfer and placement to qualified institutional investors. JinkoSolar stated that the offer price would be no less than 70% of the average trading price over the past 20 consecutive trading days. This move is expected to reduce JinkoSolar's ownership in Jiangxi Jinko from 58.59% to approximately 55.59%, maintaining a controlling interest in the subsidiary.

JinkoSolar's Chief Executive, Xiande Li, explained the strategic rationale behind the share sale, stating, "We believe that the sale of A Shares will strengthen our cash flows, improve our cash position, support our ongoing business operations, and enhance our resilience to risks." The company intends to use the proceeds to bolster its operations, improve cash flow, and strengthen its overall financial position. This decision appears to have resonated positively with investors, as reflected in the significant pre-market stock price increase.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10