JinkoSolar to separate downstream PV project unit, shares +2.5%

|About: JinkoSolar Holding Co., Ltd. (JKS)|By:, SA News Editor

JinkoSolar (JKS) says it plans to separate its downstream solar PV project business, and may consider a spinoff or sale of the unit.

The board will consider a broad range of alternatives including an IPO, pre-IPO financing, or a merger and acquisition of the business.

JKS +2.5% premarket.