On August 27, Jinko Solar announced that the sale of its subsidiary stake has made new progress. According to a supplementary agreement signed with Shiyang Green Energy Technology, Shiyang Green Energy Technology has recently completed the payment of the second installment of the equity transfer fee and interest on capital occupation, totaling RMB 156 million.
The announcement revealed that the payment consists of two parts: the second installment of the equity transfer fee of RMB 144 million and interest on capital occupation of RMB 12 million as of the end of 2024. With this, both parties involved in the transaction are steadily advancing the follow-up procedures as agreed in the agreement. The receipt of the funds provides financial support for Jinko Solar to optimize its asset structure and focus on its core business.
Jinko Solar stated that this transaction aims to further integrate resources and enhance operational efficiency, aligning with the company’s long-term strategic plans. Previously, the company had fulfilled its information disclosure obligations regarding the subsidiary stake transfer, and the recovery of the payment was completed according to the agreed timeline, demonstrating the transparency and standardization of the transaction.
