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JinkoSolar Board Approves Repurchase Of Up To $200 Mln ADSs

RTTNews | 698 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.

Tags: JKS

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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 | 35 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 | 647 days ago

Taiwan Stock Market May Extend Monday's Gains

Taiwan Stock Market May Extend Monday's Gains

The Taiwan stock market on Monday wrote a finish to the three-day losing streak in which it had surrendered almost 700 points or 3.4 percent. The Taiwan Stock Exchange now rests just above the 21,530-point plateau and it's expected to open in the green again on Tuesday.

RTTNews | 4h 19min ago

Singapore Stock Market May See Additional Support

Singapore Stock Market May See Additional Support

The Singapore stock market has moved higher in three straight sessions collecting more than 25 points or 0.8 percent along the way. The Straits Times Index now rests just beneath the 3,350-point plateau and it may add to its winnings on Tuesday.

RTTNews | 4h 49min ago

Malaysia Stock Market May End Losing Streak

Malaysia Stock Market May End Losing Streak

Ahead of Monday's holiday for Agong's birthday, the Malaysia stock market had moved lower in six straight trading days, sinking almost 35 points or 2.1 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,600-point plateau although it's expected to stop the bleeding on Tuesday.

RTTNews | 5h 19min ago

South Korea Stock Market May Extend Winning Streak

South Korea Stock Market May Extend Winning Streak

The South Korea stock market has moved higher in back-to-back sessions, advancing almost 50 points or 1.8 percent along the way. The KOSPI now sits just above the 2,680-point plateau and it may tick higher again on Tuesday.

RTTNews | 5h 49min ago

TSX Ends Notably Lower As Energy Stocks Tumble

TSX Ends Notably Lower As Energy Stocks Tumble

The Canadian market ended notably on Monday, after staying weak right through the day's session due to sustained selling in energy stocks.

RTTNews | 6h 31min ago

Australia Data On Tap For Tuesday

Australia Data On Tap For Tuesday

Australia is scheduled to release a batch of data on Tuesday, headlining a light day for Asia-Pacific economic activity, On tap are April figures for retail sales and Q1 data for current account and company profits.

RTTNews | 6h 49min ago

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