Chinese turbine OEM Ming Yang Smart Energy plans to use the proceeds of a 2.5bn yuan ($360m) initial public offering (IPO) to build production facilities in its home province of Guangdong – a region set to become one of China’s key offshore wind hubs.
Ming Yang this week released its prospectus for the IPO, which would see shares trading on the Shanghai Stock Exchange accounting for about 20% of its total equity.
