Why Are JinkoSolar Holding Shares Trading Higher Today?

JinkoSolar Holding Co Ltd (NYSE:JKS) subsidiary Jinko Solar Co, Ltd (Jiangxi Jinko) completed its initial public offering registration process with the CSRC.
Jiangxi Jinko will soon enter the issuance process for its IPO on the Shanghai Stock Exchange's Sci-Tech innovation board.
JinkoSolar Holding is one of the largest and innovative solar module manufacturers globally.
Xiande Li, JinkoSolar's Chair and CEO, commented, "We are very pleased that Jiangxi Jinko will soon enter the issuance process for its IPO and gain access to the fast-growing capital market in China, which we believe will further strengthen our leadership in the PV industry."
Price Action: JKS shares traded higher by 5.35% at $44.43 in the market session on the last check Tuesday.