JinkoSolar prices 3.6M-share follow-on offering at $18.15

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

JinkoSolar (NYSE:JKS) -6.6% premarket after announcing a follow-on offering of 3.6M American Depositary Shares and a concurrent $35M private placement; JKS is pricing the offering at $18.15/ADS.

JKS syas it plans to use the proceeds from the ADS offering and the private placement for general corporate purposes, including capital spending for the capacity expansion and upgrade including the construction and operation of a manufacturing facility in the U.S., and working capital.

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