JinkoSolar's founding operating company, Jiangxi Jinko, has applied for a share offering on the Shanghai Stock Exchange. The company intends to issue up to 2.66 billion new shares, or 10% to 25% of the share capital. As a result, JinkoSolar Holding's stake in the subsidiary will be reduced from 73.28% to 54.96%. The proceeds from the offering will be used for investment projects.