Jinkosolar's Subsidiary Jiangxi Jinko Inks Equity Transfer And Investment Framework Agreement
Portfolio Pulse from Akanksha Bakshi
JinkoSolar's subsidiary, Jiangxi Jinko, has entered an equity transfer agreement to sell its 100% equity interest in Xinjiang Jinko Solar Co. for RMB4.3 billion. The deal is expected to reduce operational costs and improve production efficiency. Jiangxi Jinko also signed an investment framework agreement to construct production lines with a total annual capacity of 56 GW for an estimated investment of RMB56 billion.
May 24, 2023 | 1:40 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
JinkoSolar's subsidiary Jiangxi Jinko sells its 100% equity interest in Xinjiang Jinko Solar Co. for RMB4.3 billion, reducing operational costs and improving production efficiency. The company also signed an investment framework agreement for RMB56 billion production lines.
The sale of the 100% equity interest in Xinjiang Jinko Solar Co. will reduce operational costs and improve production efficiency for JinkoSolar. Additionally, the investment framework agreement for RMB56 billion production lines will further expand the company's production capacity, potentially leading to increased revenues and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100