JinkoSolar has said it could float its planned yield co in either the US or Hong Kong.
The company confirmed that its Jinko Power downstream business will be spun out but details on where and when had not been forthcoming.
After closing a US$225 million round of financing for Jinko Power, as well as making its own capital commitment to its project subsidiary, JinkoSolar said plans for the initial public offering would now be executed.
A spokesman for JinkoSolar told PV Tech that so far no decision had been made as to whether the IPO would take place in the US or in Hong Kong. He said a US offering would target the middle of 2015 but that if it was decided to put the shares on the Hong Kong Stock Exchange it “may take longer”.
China Development Bank International, Macquarie Greater China Infrastructure Fund and New Horizon Capital have acquired a 45% equity interest in Jinko Power in return for a US$225 million investment. The trio will also offer assistance with the IPO process and related costs and admin.