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
