Jinko mulls IPO for projects unit

Jinko chief executive Chen Kangping

Jinko chief executive Chen Kangping

JinkoSolar, the first major Chinese PV manufacturer to rebound to profitability last year, is evaluating the possibility of spinning off its fast-growing projects business via an initial public offering.

Jinko, which claims it will have about 500MW of grid-connected PV on its books by the end of the year, is considering a “broad range” of options for its projects business – including an IPO, pre-IPO financing, and potential mergers or acquisitions with other companies.

“We believe now is an appropriate time to prudently explore strategic alternatives for this business,” says Jinko chairman Xiande Li, adding that a separation may better support “sustainable growth” of the unit.

No timeline was given for the possible IPO.

As of just a few months ago New York-listed Jinko appeared Log in to read complete article.

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