JinkoSolar (JKS) Enters $25M Combined Tradeline Agreement with Maybank
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JinkoSolar Signs USD25 Million Tradeline with Maybank
August 26, 2016 6:56 AM EDTSHANGHAI, Aug. 26, 2016 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the photovoltaic (PV) industry, today announced that JinkoSolar Technology SDN BHD ("JinkoSolar Malaysia"), a subsidiary of the Company, has signed a USD25 million combined tradeline agreement with Malayan Banking Berhad ("Maybank"). This financing will be used to support JinkoSolar Malaysia's trade finance and working capital.
"As the largest commercial bank in Malaysia, their tradeline will not only provide our Malaysian production facility with added financial flexibility, but also it will help our business... More
