Sinovel wind power to issue 105 million shares January 5 purchase

NetEase Finance December 23 News Sinovel Evening published a letter of intent, officially launched the IPO. The company plans to issue 105.1 million shares publicly, with a total share capital of 1.005 billion shares.　　The unit will implement an online subscription on January 5, 2011 and will be listed on the Shanghai Stock Exchange. The issue of the use of the network to the request for inquiry to the object of the allocation and online funds to purchase and distribute the way the combination.　　Among them, the network issued 21 million shares, accounting for the number of the issue of 19.98%;　　According to the issue schedule, the inquiry time is December 27-December 30, January 4 Published "Preliminary inquiry results and issue price Interval Bulletin", the net subscription time for the January 4-January 5, online release time for January 5. Sinovel Technology (Group) Co., Ltd. is China's first development, design, manufacture and sale of different wind resources and environmental conditions of land, sea and tidal belt large wind turbine High-tech enterprises.　　According to China Wind Energy Association Statistics, 2007-2009, the company's domestic new installed capacity of the market share of 20.57%, 22.45%, 25.32%, has been for two consecutive years to maintain China's wind power industry first. The issuance of funds will be directed to the 3MW-level wind turbine development projects, 3MW Offshore and land wind turbine capacity construction projects, offshore wind turbine shipping base construction project, the total investment of 1.7 billion yuan.