After Deserting New York, Wind-Turbine Maker Seeks Shanghai IPO
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.
- 1U.S. to Formally Request Extradition of Huawei’s Meng: Globe and Mail
- 2Apple Chief Counsel Accuses Qualcomm of Holding Phone-Makers for ‘Ransom’
- 3Update: China’s Economic Growth Dips to 28-Year Low
- 4Gallery: Demolishing the ‘Great White House’
- 5In-Depth: A Winter Storm Looms for China’s Tech Sector
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas