Goldwind prices Restart H-Share issue

Goldwind (002202) issued the H-Share prospectus on 27th, and the H-Shares IPO plan, which was shelved in June this year due to poor market conditions, was restarted. The announcement said that Goldwind was about to sell 395 million H shares globally, offering a preliminary price range of HK $15.98 to HK $17.98, or 16.1 times times to 18.2 times times. On June 10 this year, the price range of Goldwind H shares was 19.8 to 23 Hong Kong dollars, at 20.4 times to 23.7 times times earnings.　　More than three months ago, the number of shares has not changed, the issue price has fallen by nearly 20%. The expected pricing date for this issue is October 2, 2010, and the expected date for the trading of H-shares from the Hong Kong SEHK is October 8, 2010.　　Among them, the initial arrangements for the public sale of Hong Kong 39.5296 million shares, accounting for 10% of global sales, international sales 356 million shares, accounting for the total number of global sales of 90%. The announcement said that, assuming that the IPO price per share is HK $16.98 (median pricing interval), the net amount of money raised is about 6.41 billion yuan, without exercising an excess authorization. Of these, about 40.2% of the funds will be used to build production base and optimize the group business, 14.6% of the funds for the design and development of wind turbines and their components, 24.1% to expand the United States, Australia and Europe and other international markets, 11.1% of the funds used to repay bank loans, 10% for general operating funds.