Courtesy of Benzinga.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) today announced that it has repurchased in the aggregate amount of 785,900 American Depositary Shares, representing 3,143,600 of its ordinary shares since the beginning of the share repurchase program that was approved by the board of directors on May 6, 2011. The average repurchase price, excluding commissions, was US$6.92 per ADS, and the total purchase price, excluding commissions, was US$5,435,661.
Under the stock repurchase program, JinkoSolar is authorized to repurchase up to US$30 million of its ordinary shares represented by ADSs, from time to time, in open-market transactions within the 12 months following May 6, 2011.
