JinkoSolar gains after plan to sell stake in Jiangxi Jinko

JinkoSolar Holding

12/09/2025 13:05

** U.S.-listed shares of Shanghai-based solar module maker JinkoSolar Holding JKS.N rise 2.5% to $24.20 premarket

** JKS intends to sell 300.2 million A shares of its main operating subsidiary, Jiangxi Jinko 688223.SS, listed on Shanghai stock exchange

** Says offer price will be no less than 70% of 20-day average trading price, as of September 12

** JinkoSolar says proceeds will support operations, improve cash flow and strengthen resilience

** CEO Xiande Li says deal preserves capacity for future shareholder return

** JinkoSolar's ownership in Jiangxi Jinko will drop to about 55.59% from 58.59% after sale

** As of last close, JKS shares down 5.2% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))