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According to JinkoEnergy's announcement, JinkoEnergy Malaysia, a wholly-owned subsidiary of the company, plans to sign a “Sales Agreement” with Jingke Technology Malaysia, a wholly-owned subsidiary of Fangjingke Technology, to sell 113.40 acres of industrial land leased property in Kulim County, Kedah, Malaysia. The transaction price is RM242.682 million, a 5.45% premium over the book value. This transaction constitutes a related transaction. It does not constitute a major asset restructuring. It still needs to be submitted to the company's shareholders' meeting for review. At the same time, it is necessary to comply with relevant approval procedures between China and Malaysia. There is uncertainty about whether the deal can be reached.
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According to JinkoEnergy's announcement, JinkoEnergy Malaysia, a wholly-owned subsidiary of the company, plans to sign a “Sales Agreement” with Jingke Technology Malaysia, a wholly-owned subsidiary of Fangjingke Technology, to sell 113.40 acres of industrial land leased property in Kulim County, Kedah, Malaysia. The transaction price is RM242.682 million, a 5.45% premium over the book value. This transaction constitutes a related transaction. It does not constitute a major asset restructuring. It still needs to be submitted to the company's shareholders' meeting for review. At the same time, it is necessary to comply with relevant approval procedures between China and Malaysia. There is uncertainty about whether the deal can be reached.
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