JinkoSolar's Subsidiary Jiangxi Jinko Signed Equity Transfer Agreement For Disposal Of Its 100% Equity Interest In Xinjiang Jinko
Portfolio Pulse from Charles Gross
JinkoSolar's subsidiary Jiangxi Jinko has signed an equity transfer agreement to sell its 100% equity interest in Xinjiang Jinko for RMB4.3 billion. The disposal is expected to reduce operational costs, improve production efficiency, and optimize facility mix.
May 24, 2023 | 9:02 am
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JinkoSolar's subsidiary Jiangxi Jinko is selling its 100% equity interest in Xinjiang Jinko for RMB4.3 billion, which is expected to reduce operational costs and improve production efficiency.
The sale of Xinjiang Jinko is expected to have a positive impact on JinkoSolar's stock price in the short term. The disposal will reduce operational costs, improve production efficiency, and optimize the facility mix, which should lead to better financial performance for the company.
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