Ming Yang wind turbines in China
Zhongshan-based Ming Yang was notified by NYSE about “significant and unusual trading activity” in its stock price and volume, after its shares rose as high as $2.08 on Thursday from an opening price of $1.44, before eventually falling back to $1.65 at the end of the day.
Ming Yang says it is unaware of any specific reason, beyond reports of China’s recently-announced plans to increase installed wind power capacity by 18GW in 2013.
“In
particular,
there
have
been
no
corporate
developments
or
events
to
support
this
significant
and
unusual
trading
activity,”
says
User
Copyright
To protect your subscription investment, we've instituted a security system to protect against the electronic redistribution of copyrighted Rechargenews content. Read more
Close