News Column

Jinko Solar Gets CNY1bn Loans from Mingsheng Bank

July 18, 2014

HONG KONG, July 18, SinoCast -- Jinko Solar (NYSE: JKS) signed a strategic cooperation agreement with China Mingsheng Bank over a five-year CNY 1 billion financing. The agreement covers M&As, supply chains and bridge financings and etc, but the loans will be mainly used for distributed power station business. Lending rate is about 7%, lower than that of asset securitization or financial leasing.

Jinko has gained CNY 88.8 million financing loans, which will be mainly used for a 20 MW distributed PV project in Haining Hi-tech zone, Zhejiang.

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Source: Sinocast Energy Beat (China)

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