JinkoSolar Board Approves Repurchase Of Up To $200 Mln ADSs

RTTNews | 915 days ago
JinkoSolar Board Approves Repurchase Of Up To $200 Mln ADSs

(RTTNews) - Chinese solar module manufacturer JinkoSolar Holding Co., Ltd. (JKS) announced Wednesday that its board of directors has approved a share repurchase program, which authorizes the Company to repurchase up to $200 million of its ordinary shares represented by American depositary shares (ADSs) during an 18-month period.

The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices in open-market transactions, privately negotiated transactions or block trades, and/or through other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations.

The timing and conditions of the share repurchases will be subject to various factors including the requirements under Rule 10b-18 and Rule 10b5-1 of the Exchange Act, as well as JinkoSolar's insider trading policy. JinkoSolar plans to use its existing funds to fund repurchases made under the share repurchase program.

read more
JinkoSolar Q1 Profit Declines - Update

JinkoSolar Q1 Profit Declines - Update

JinkoSolar Holding Co., Ltd. (JKS) reported Monday that net income attributable to the company's ordinary shareholders for the first quarter declined to RMB609.40 million or US$84.40 million from RMB788.65 million in the prior-year quarter. Earnings per ADS were RMB5.36 or US$0.74, compared to RMB14.95 last year.
RTTNews | 252 days ago
JinkoSolar Slips To Loss In Q2

JinkoSolar Slips To Loss In Q2

JinkoSolar Holding Co., Ltd. (JKS) reported Friday that net loss attributable to the company's ordinary shareholders for the second quarter was RMB623.3 million or US$93.1 million, compared to net income of RMB66.2 million in the prior-year quarter. Loss per ADS was RMB12.60 or US$1.88, compared to earnings per ADS of RMB1.38 last year.
RTTNews | 864 days ago
Yen Falls Amid BoJ Rate Hike Uncertainty

Yen Falls Amid BoJ Rate Hike Uncertainty

The Japanese yen weakened against other major currencies in the Asian session on Monday, as traders remain uncertain about timing of the Bank of Japan's (BoJ) next interest rate hike.
RTTNews | 5h 30min ago
Sensex, Nifty Plunge On HMPV Virus Concerns

Sensex, Nifty Plunge On HMPV Virus Concerns

Indian shares tumbled on Monday, with selling seen across the board as a stronger dollar and elevated U.S. bond yields added to concerns over continued foreign fund outflows.
RTTNews | 5h 41min ago
CAC 40 Moderately Higher After Services Sector Activity Data

CAC 40 Moderately Higher After Services Sector Activity Data

French stocks are up firmly in positive territory Monday morning after opening on a fairly bright note, as investors react to data showing an improvement in the nation's services sector activity in the month of December.
RTTNews | 6h 0min ago
DAX Modestly Higher After Data Shows Improvement In Economic Activity

DAX Modestly Higher After Data Shows Improvement In Economic Activity

German stocks are modestly higher Monday morning with investors reacting to data on Germany's composite and services sector PMI readings, in addition to data from France and UK, and looking ahead to some crucial economic data, including monthly jobs report, from the U.S.
RTTNews | 6h 28min ago