Jinko closes 3,750,000 ADS and $150 million notes offering
Post date: 24/01/2014
Chinese solar manufacturer JinkoSolar Holding Co. Ltd. secured a total of $272.1 million in net proceeds from its recently completed American Depositary Share (ADS) and convertible senior note offerings. On Jan. 22, Jinko closed its offering of 3,750,000 ADSs and its offering of $150,000 million of 4.0% convertible senior notes due 2019. Each ADS represents four ordinary shares at par value $0.00002 per share. Jinko intends to use the net proceeds from the offering for the expansion of its production capacity, PV project development and working capital.