BUZZ-JingkoSolar falls amid plans to list subsidiary's A Shares on Frankfurt Exchange

Reuters
21 Oct 2024

** U.S.-listed shares of Shanghai-based JinkoSolar Holding

fall 1.7% to $20.01

** Co's subsidiary Jiangxi Jinko to issue and list up to 1 bln A shares in form of Global Depositary Receipts (GDRs) on Frankfurt Stock Exchange in Germany

** GDRs will represent not more than 10% of Jiangxi Jinko's total share capital prior to this offering

** Following the offering, JKS will own about 53.26% equity interest in Jiangxi Jinko

** Including session's moves, stock down 45.72% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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