- JinkoSolar Holding ( NYSE: JKS ) has approved to repurchase up to $200M of its ordinary shares represented by American depositary shares during an 18-month period.
- The company plans to use its existing funds to fund repurchases made under the share repurchase program.
- Mr. Xiande Li, JinkoSolar's Chairman of the Board and Chief Executive Officer, commented, "This share repurchase program reflects our strong confidence in our future prospects. Our sustained investments in technology and product leadership, industry-leading integrated capacity structure and global infrastructure have ideally positioned us to benefit from the enormous growth opportunities this sector continues to generate. We are committed to creating sustainable value for our shareholders."
- Shares up 1% PM.
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JinkoSolar approves up to $200M share repurchase program