The IPO is set to be the first major Chinese share issue of 2011. In December, wind developer Datang Renewable raised $640m from an IPO in Hong Kong. Huaneng Renewables was forced to postpone its $1.3bn issue due to market turbulence.. Analysts are predicting a bumper year forChinese share offers, following record levels in 2010. TEST OF CONFIDENCE: Page 27
Sinovel IPO aims to raise $1.4bn
Sinovel Wind plans to raise 9.46bn yuan ($1.43bn) from an initial public offering (IPO) on the Shanghai stock exchange.
6 January 2011 23:00 GMT
Updated
25 November 2012 14:57 GMT
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