Sinovel has sold up to 105.1m shares at a price of 90 yuan, compared to the range of 80-90 yuan per share it had set. No date has been set so far for the listing of the share.
The sale gives Sinovel a forward price to earnings ratio of 25.21 times, based on a Reuters 2011 consensus earnings forecast 3.57 yuan a share, compared to 17 times for its closest Chinese rival, Shenzhen listed Goldwind.
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