Key Developments: JinkoSolar Holding Co Ltd (JKS)

JKS on New York Consolidated

30.92USD
24 Apr 2014
Price Change (% chg)

$1.05 (+3.52%)
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$29.87
Open
$30.37
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$30.99
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$28.96
Volume
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$37.98
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Latest Key Developments (Source: Significant Developments)

Jinkosolar Holding Co Ltd signed distribution agreement with PROINSO India
Tuesday, 8 Apr 2014 07:00am EDT 

Jinkosolar Holding Co Ltd:PROINSO will begin distributing JinkoSolar solar PV modules through sales network in India.  Full Article

Jinkosolar Holding Co Ltd to supply 60-cell Mono 270W modules to Swiss Embassy in Tokyo, Japan
Wednesday, 19 Feb 2014 06:00am EST 

Jinkosolar Holding Co Ltd:Enters into an agreement with Premium Energy Co. Ltd to supply photovoltaic modules to the Swiss Embassy in Tokyo, Japan.Says this will be the first clean energy project constructed on the Swiss Embassy in Japan.JinkoSolar will supply its distributor, Premium Energy, with 49.41kW of high-efficiency mono JKM270M-60-J 270W solar modules for the Swiss Embassy in Tokyo.  Full Article

Jinkosolar Holding Co Ltd announces pricing of concurrent offerings of 3,750,000 American Depositary shares and $130.0 mln Convertible Senior Notes
Thursday, 16 Jan 2014 06:38am EST 

Jinkosolar Holding Co Ltd:Says it priced the offering of 3,750,000 American Depositary Shares (the ADSs), each representing four ordinary shares of the company, par value$0.00002 per share (the ADS Offering), at $35.25 per ADS.Says it also priced the concurrent offering of $130.0 mln in aggregate principal amount of convertible senior notes due 2019 (the Notes) (the Notes Offering).Says the offering are expected to close on Jan. 22.Says the ADS offering was upsized from 2,750,000 ADSs and the Notes Offering was upsized from an aggregate principal amount of $100.0 mln.Says intends to use the net proceeds from these offerings for general corporate purposes, which may include expanding manufacturing capacity, the development of solar power projects and working capital.Says its management will retain broad discretion over the use of proceeds, and the Company may ultimately use the proceeds for different purposes than what it currently intends.Says Credit Suisse Securities (USA) LLC (Credit Suisse) is acting as sole book-running manager for the ADS Offering and the Notes Offering.  Full Article

Jinkosolar Holding Co Ltd announces concurrent offering of 2,750,000 American depositary shares and $100.0 mln convertible senior notes
Tuesday, 14 Jan 2014 05:51pm EST 

Jinkosolar Holding Co Ltd:Says the commencement of the offering of 2,750,000 American Depositary Shares (the ADSs), each representing four ordinary shares of the Company, at par value $0.00002 per share (plus up to an additional 412,500 ADSs pursuant to an over-allotment option) (the ADS Offering).Says a concurrent offering of up to $100.0 mln in aggregate principal amount of convertible senior notes due 2019 (the notes) (plus up to an additional $15.0 mln aggregate principal amount pursuant to an over-allotment option) (the notes offering).Says Credit Suisse Securities (USA) LLC is acting as sole book-running manager for the ADS offering and the notes offering.Says the closing of the notes offering is contingent upon the closing of the ADS Offering, and the closing of the ADS offering is contingent upon the closing of the notes offering.  Full Article

Jinkosolar Holding Co Ltd signs RMB400 million loan agreements with China Development Bank
Monday, 6 Jan 2014 07:00am EST 

Jinkosolar Holding Co Ltd:Says has entered into project loan agreements with China Development Bank (CDB).Says pursuant to the agreements, the Zhejiang Branch of CDB will provide a RMB400 million (approximately $66 million) loan to the company to develop JinkoSolar's three PV solar projects located in Xinjiang and Qinghai Provinces.Says as a prioritized corporate client, JinkoSolar has been provided an authorized domestic credit line up to RMB3 billion (approximately $494 million) for solar project financing by CDB.  Full Article

Jinkosolar Holding Co Ltd To Supply 18.5MWp To Lightsource
Friday, 4 Oct 2013 06:00am EDT 

JinkoSolar Holding Co., Ltd (JinkoSolar or the Company) announced that it has entered into an agreement with Lightsource Renewable Energy, the UK's solar energy generator and asset operator, to supply 18.5MWp of solar PV modules for a solar farm project located in the United Kingdom.  Full Article

Jinkosolar Holding Co Ltd To Provide 20 MW To State Grid Corporation Of China For The National Wind/pv/energy Storage And Transmission Project
Monday, 30 Sep 2013 07:00am EDT 

Jinkosolar Holding Co Ltd announced that it will supply 20MW of solar modules to the State Grid Corporation of China (SGCC), the utilities company for the Second Phase of China's National Wind/PV/Energy Storage and Transmission Joint Demonstration Project. The project consists of 60 MW divided into 3 tenders, and JinkoSolar has got the 20MW contract. According to the agreement, JinkoSolar will deliver the solar modules during the fourth quarter of 2013.  Full Article

Jinkosolar Holding Co Ltd Closes Follow-on Public Offering Of 4,370,000 American Depositary Shares
Friday, 27 Sep 2013 10:43am EDT 

JinkoSolar Holding Co., Ltd (JinkoSolar or the Company) announced that the closing of its follow-on public offering of 4,370,000 American depositary shares, or ADSs, each representing four ordinary shares at par value USD0.00002 per share, including 570,000 ADSs sold pursuant to the underwriters' exercise of in full of their option to purchase additional ADSs. The Company received aggregate net proceeds of approximately $67.8 million, after deducting discounts and commissions but before offering expenses. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Jefferies LLC are joint bookrunners for the offering.  Full Article

Jinkosolar Holding Co Ltd Closes Follow On Public Offering of 4,370,000 American Depositary Shares
Wednesday, 25 Sep 2013 04:30pm EDT 

Jinkosolar Holding Co Ltd announced the closing of its follow on public offering of 4,370,000 American depositary shares, or ADSs, each representing four ordinary shares at par value $0.00002 per share, including 570,000 ADSs sold pursuant to the underwriters' exercise of in full of their option to purchase additional ADSs. The Company received aggregate net proceeds of approximately $67.8 million, after deducting discounts and commissions but before offering expenses. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Jefferies LLC are joint bookrunners for the offering.  Full Article

Jinkosolar Holding Co Ltd Announces Pricing Of Follow-on Public Offering Of 3,800,000 American Depositary Shares
Thursday, 19 Sep 2013 07:28pm EDT 

Jinkosolar Holding Co Ltd announced that its follow-on public offering of 3,800,000 American depositary shares, or ADSs, each representing four ordinary shares of the Company at par value USD0.00002 per share, was priced at $16.25 per ADS. The offering is expected to close on September 25, 2013. JinkoSolar has granted the underwriters a 30-day option to purchase up to an additional 570,000 ADSs. JinkoSolar intends to use the net proceeds from this offering for general corporate purposes, which may include expanding manufacturing capacity, the development of solar power projects and working capital. The Company's management will retain broad discretion over the use of proceeds, and the Company may ultimately use the proceeds for different purposes than what it currently intends. Pending any ultimate use of any portion of the proceeds from the offering, it intends to invest the net proceeds in short-term, marketable instruments. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Jefferies LLC are joint bookrunners for the offering.  Full Article

JinkoSolar posts third straight profit as solar farms shine

March 3 - Chinese solar panel maker JinkoSolar Holding Co Ltd reported a third straight quarterly profit, helped by its high-margin solar power plant business and improving panel prices.

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