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BRIEF-Jinkosolar enters into agreement for sale of Jinko Power Downstream business in China for US$250 mln

Oct 11 Jinkosolar Holding Co Ltd :

* Jinkosolar enters into definitive agreement for the sale of Jinko Power downstream business in China

* Jinkosolar holding co ltd - buyer intends to fund purchase price with personal funds and debt financing

* Jinkosolar Holding Co Ltd - buyer will acquire all of 55% equity interest indirectly held by Jinkosolar in Jiangxi Jinkosolar Engineering Co., Ltd

* Deal for US$250 million in cash

* Jinkosolar holding co ltd says buyer intends to fund purchase price with personal funds and debt financing

* Jinkosolar will spin off all its downstream business of Jinko Power and get US$250 million in cash

* Jinkosolar Holding Co Ltd- board unanimously approved the transaction Source text for Eikon: Further company coverage:

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