SHANGHAI, Feb. 12, 2018 /PRNewswire/ -- JinkoSolar Holding
Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global
leader in the solar PV industry, today announced that it closed the
follow-on offering of 3,600,000 American depositary shares (the
"ADSs"), each representing four ordinary shares of the Company, par
value US$0.00002 per share (the
"ADS Offering"), at US$18.15 per
ADS.
Credit Suisse Securities (USA)
LLC and Barclays Capital Inc. are acting as the joint bookrunners
for the ADS Offering. The Company has granted Credit Suisse
Securities (USA) LLC and Barclays
Capital Inc. a 30-day option to purchase up to 540,000 additional
ADSs to cover over-allotments.
Concurrently with the completion of the ADS Offering, the
Company closed the separate private placement with Tanka
International Limited, an exempted company incorporated in the
Cayman Islands held by Mr.
Xiande Li, chairman of the Company,
and Mr. Kangping Chen, chief
executive officer of the Company, of its purchase of US$35 million of ordinary shares of the Company
at a price per share equal to the price of the ADS Offering
adjusted to reflect the ADS-to-ordinary share ratio (the
"Concurrent Private Placement"). The sale of these shares will not
be registered under the Securities Act of 1933, as amended. Credit
Suisse Securities (USA) LLC and
Barclays Capital Inc. are acting as the joint placement agents for
the Concurrent Private Placement.
JinkoSolar intends to use the net proceeds from the ADS
Offering and the Concurrent Private Placement for general corporate
purposes, including capital expenditures for the capacity expansion
and upgrade including the construction and operation of our
manufacturing facility in the United
States, and working capital.
The ADS Offering has been made pursuant to the Company's shelf
registration statement on a Form F-3 filed with the Securities and
Exchange Commission (the "SEC") on August
11, 2017, which became effective on August 22, 2017. A prospectus supplement dated
February 8, 2018 and a related base
prospectus (included in the Company's shelf registration statement
on Form F-3) related to the ADS Offering have been filed with the
SEC and are available at the SEC website
at: www.sec.gov. A copy of the prospectus supplement
and the related base prospectus may be obtained from Credit Suisse
Securities (USA) LLC, Attention:
Prospectus Department, One Madison Avenue, New York, NY, 10010, by phone at (800)
221-1037, or by e-mail at newyork.prospectus@credit-suisse.com; and
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New
York 11717, by phone toll free at 1-888-603-5847, or by
email at barclaysprospectus@broadridge.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor will there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction. This press release contains
information about the pending ADS Offering and Concurrent Private
Placement, and there can be no assurance that these offerings will
be completed.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a global leader in the solar industry.
JinkoSolar distributes its solar products and sells its solutions
and services to a diversified international utility, commercial and
residential customer base in China, the United
States, Japan, Germany, the United
Kingdom, Chile,
South Africa, India, Mexico, Brazil, United Arab
Emirates, Italy,
Spain, France, Belgium, and other countries and regions.
JinkoSolar has built a vertically integrated solar product value
chain, with an integrated annual capacity of 8.0 GW for silicon
wafers, 5.0 GW for solar cells, and 8.0 GW for solar modules, as of
December 31, 2017.
JinkoSolar has over 15,000 employees across its 8 productions
facilities globally, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United
States, Canada,
Mexico, Brazil, Chile, Australia, South
Africa and United Arab
Emirates, and global sales offices in China, Hong
Kong, Japan, India, Turkey, Germany, Switzerland, United
States, Brazil,
Chile, Australia, South
Africa and United Arab
Emirates.
To find out more, please see: www.jinkosolar.com
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends, "plans," "believes," "estimates" and similar statements.
Among other things, the quotations from management in this press
release and the Company's operations and business outlook, contain
forward-looking statements. Such statements involve certain risks
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks is included in
JinkoSolar's filings with the U.S. Securities and Exchange
Commission, including its annual report on Form 20-F. Except as
required by law, the Company does not undertake any obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
For investor and media inquiries, please contact:
In China:
Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: ir@jinkosolar.com
Christian Arnell
Christensen
Tel: +86-10-5900-2940
Email: carnell@christensenir.com
In the U.S.:
Ms. Linda Bergkamp
Christensen
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE JinkoSolar Holding Co., Ltd.