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Jinko Power Offloads Investment Project Company for 17 Million Yuan; Shares Down 2%

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Jinko Power Technology (SHA:601778), through unit Hengfeng Fuzhong Power, plans to divest its entire equity interest in Tianjin Jingneng Photovoltaic Power Generation for 17.4 million yuan, according to a Shanghai bourse filing on Thursday.

Suzhou Port Energy Investment Green Energy Development will acquire the stake.

Tianjin Jingneng Photovoltaic Power Generation was established to implement a fundraising investment project that has since been completed and closed.

The Chinese clean energy supplier's shares dropped 2% in recent trade.

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