Japanese yen bills. Author: Japanexperterna.se. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.
Chinese solar firm JinkoSolar Holding Co Ltd (NYSE:JKS) said today its unit in Japan has secured a JPY-2-billion (USD 19m/EUR 17m) loan to support its growth in the Japanese market.
JinkoSolar Japan K.K. has signed the one-year syndicated loan agreement with a bank consortium led by Sumitomo Mitsui Banking Corp (SMBC) and including Mizuho Bank Ltd, the Tokyo Branch of the Industrial and Commercial Bank of China (ICBC) and NEC Capital Solutions Ltd.
CFO Charlie Cao said the financing will allow the company to “pursue opportunities in Japanese market”, without providing any details.