NewEnergyNews More: CHINA WIND IN IPO

Every day is Earthday.

Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

email: herman@NewEnergyNews.net

-------------------

Your intrepid reporter

-------------------

    A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

-------------------

Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • Monday, May 31, 2010

    CHINA WIND IN IPO

    China wind power group in $1.2 billion IPO: sources; China's second-largest wind turbine maker, Xinjiang Goldwind Science & Technology Co Ltd, plans to raise up to $1.2 billion in a Hong Kong initial public offering, sources close to the deal said.
    Kennix Chim and Leonora Walet, May 31, 2010 (Reuters)

    "The offering will test the appetite for renewable energy firms in a market heavy with property and financial companies. The Hong Kong stock exchange said earlier this year it would mine mainland Chinese and international markets to keep its listing momentum.

    "Goldwind's attempt at a Hong Kong IPO could mark the largest offering by a Chinese wind company since the $2.2 billion listing in December of the nation's biggest wind-power producer, China Longyuan Power Group Corp…"


    Goldwind is second in China and fifth in the world. (click to enlarge)

    "Hong Kong's Hang Seng Index has lost more than 6 percent since the start of May in volatile trading, with investors cautious because of the European debt crisis…Goldwind (002202.SZ), which is already listed on the mainland's Shenzhen stock exchange, would offer 395.29 million shares, or 15 percent of its enlarged share capital, with an indicative price range of between HK$19.80 and HK$23, the sources said…

    "The H-share offering price range valued Goldwind at 18.8 to 21.8 times prospective 2010 earnings forecast by sponsors…By comparison, Chinese turbine maker Dongfang Electric (1072.HK) trades at 19 times forecast 2010 earnings, while China High Speed Transmission (0658.HK), a maker of wind gear for wind turbines, trades at 15.6 times…"

    0 Comments:

    Post a Comment

    Note: Only a member of this blog may post a comment.

    << Home