JinkoSolar (NYSE:) Holding Co., Ltd. (“JinkoSolar” or the “Company”) (JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that Jinko Solar Co., Ltd. (“Jiangxi Jinko“), its majority-owned principal operating subsidiary, intends to issue an aggregate of up to 1,000,519,986 A shares (the “Shares“), RMB1.0 par value per Share, in the form of Global Depositary Receipts (“GDRs“) (including Shares issued as a result of the exercise of any over-allotment option, if any) (the “GDR Offering“). Each GDR represents 10 Shares. Jiangxi Jinko intends to apply for listing the GDRs on the Frankfurt Stock Exchange in Germany. The size of the GDR Offering is subject to market conditions and may be adjusted by Jiangxi Jinko’s board of directors (subject to authorization from its shareholders at the shareholders’ meeting).
The GDRs will represent not more than 10% of the total share capital of Jiangxi…