JinkoSolar Announces Pricing of Follow-on Public Offering of 3,800,000 American Depositary Shares- EnergyTrend

JinkoSolar Announces Pricing of Follow-on Public Offering of 3,800,000 American Depositary Shares

2013-09-20 23:57

JinkoSolar Holding Co., Ltd. announced today that its follow-on public offering of 3,800,000 American depositary shares, or ADSs, each representing four ordinary shares of the Company at par value US$0.00002 per share, was priced at $16.25 per ADS. The offering is expected to close on September 25, 2013. JinkoSolar has granted the underwriters a 30-day option to purchase up to an additional 570,000 ADSs.

JinkoSolar intends to use the net proceeds from this offering for general corporate purposes, which may include expanding manufacturing capacity, the development of solar power projects and working capital. The Company's management will retain broad discretion over the use of proceeds, and the Company may ultimately use the proceeds for different purposes than what it currently intends. Pending any ultimate use of any portion of the proceeds from the offering, it intends to invest the net proceeds in short-term, marketable instruments.

Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Jefferies LLC are joint bookrunners for the offering.

The offering will be made pursuant to the Company's shelf registration statement on a Form F-3/A filed with the Securities and Exchange Commission on August 14, 2013, which became effective on August 15, 2013. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Company's registration statement on Form F-3/A and final prospectus supplement are available from the SEC website at: //www.sec.gov.

Copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Credit Suisse Securities (USA) LLC, Attention: Prospectus Department at Eleven Madison Avenue, New York, New York 10010-3629 or by telephone at (800) 221-1037, from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, New York, New York 11717 or by telephone at (866) 803-9204, or from Jefferies LLC at 520 Madison Avenue, New York, New York 10022 or by telephone at (877) 547-6340.