Caixin
Jan 04, 2019 08:33 PM
FINANCE

After Deserting New York, Wind-Turbine Maker Seeks Shanghai IPO

The Mingyang wind-power production plant is seen in Tianjin on June 9. Photo: VCG
The Mingyang wind-power production plant is seen in Tianjin on June 9. Photo: VCG

Wind-turbine manufacturer Ming Yang Smart Energy Group Ltd., which delisted from the New York Stock Exchange in 2016, is planning to make a comeback on the Shanghai stock market next week.

Ming Yang, one of the country’s largest manufacturers of turbines for generating wind power, will use some of the proceeds from its initial public offering (IPO) to fund 1.24 billion yuan ($180 million) of investments in four projects, including the construction of wind farms and facilities to make turbine components for offshore wind-power generation, according to a preliminary prospectus filed with the Shanghai Stock Exchange on Wednesday.

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