JinkoSolar (JKS) has released an update.
JinkoSolar, a leading global solar module manufacturer, has recently bought back 4,503,178 of its American Depositary Shares (ADSs) for approximately $110.7 million, demonstrating confidence in its business and commitment to shareholder value. The repurchase is part of an ongoing program initiated in July 2022 and extended in December 2023, with an additional $89.3 million earmarked for future buybacks. These transactions underscore the company’s robust financial position and strategic approach to capital allocation.
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