Jinko Power divests assets to sharpen focus, boost efficiency

Jinko Power Technology (SSE:601778) is divesting assets in a multi-pronged strategy to enhance financial performance and sharpen its operational focus. The company will sell its photovoltaic power station equipment belonging to four industrial and commercial distributed generation project companies to China Construction Investment Leasing for CNY 28,651.45 million. Simultaneously, Jinko Power will transfer 100% equity in its holding platform, Hengfeng County Jingge Power, to Jinjian (Tianjin) Enterprise Management for CNY 10,000. The total grid-connected capacity of the involved power stations is approximately 76.55 MW.