JinkoSolar's downstream solar business receives $225M investment

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

JinkoSolar (NYSE:JKS) has announced that China Development Bank International, the Macquarie Greater China Infrastructure Fund and New Horizon Capital have agreed to invest a total of $225M in the company's downstream solar power project business - Jinko Power.

Upon completion of the investment the three investors will hold a total of approximately 45% of Jinko Power's equity interest.

JKS +5% premarket