China Ming Yang Wind Power filed plans to hold a US$400 million initial public offering on the New York Stock Exchange today, Dow Jones reported. Ming Yang, founded in 2006, is the largest private wind power firm in China by installed megawatt capacity. Last year the company delivered 378 wind turbines to customers. In its statement to the US Securities and Exchange Commission, it said will use proceeds from the IPO to expand production capacity, engage in research and development, and for potential investment or acquisitions in component makers. Ming Yang’s returned to profitability in the first half of 2010, posting revenues of US$341.9 million, up 74% year-on-year.
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