China Mingying Wind Power Group Co., Ltd. was successfully listed in U.S. at 9:30 a.m. Oct. 1. Taking MY as the stock code, the Group has issued 25 million dollars of ADSS (American Depositary Shares) priced at 14 dollars each, and financed 350 million dollars in all. This is the first Chinese wind power machine manufacturer and also the largest IPO project being listed on U.S. market this year.
Mingyang Wind Power Group established in 2006 is the largest non-state-owned manufacturer of wind turbines in China. After four years development, Mingyang has built itself into a company with a capital scale of 6 billion yuan, an industrial platform with the output value of 10 billion yuan, an annual production capacity of 1,500 All Series complete machines with high electricity generation of 1.5 3MW, high availability, and low electricity cost. Its accumulated installing capacity ranks No. 4. in China.
Mingyang Wind Power Group will continue to develop multi-megawatt offshore wind turbine, explore the integrated solutions for storage of clean energies such as wind and solar power, and accelerate the strategy of the overseas market expansion, so as to keep a sustainable, high-speed, sound and stable development of the company.
