Mingyang Plans To Raise $500M For U.S. Listing

Chinese wind turbine supplier Mingyang Electric plans to raise $500 million in a share sale in the U.S. in September, Reuters reports. Bank of America-Merrill Lynch, Credit Suisse Group AG and Morgan Stanley are working on the deal.

Mingyang's initial public-offering plan follows the shelving in June of a $1.17 billion Hong Kong listing by Chinese wind equipment supplier Xinjiang Goldwind Science & Technology Co. Ltd.

SOURCE: Reuters

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