Wind turbine maker plans IPO

08:39, January 05, 2011      

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Sinovel Wind, China's top wind turbine maker, expects its business to grow at a compound annual rate of more than 30 percent over the next five years, Sinovel management told investors on Tuesday in an online roadshow.

It also said it plans to raise as much as 9.5 billion yuan ($1.4 billion) from an initial public offering before a listing on the Shanghai stock exchange.

Source:China Daily
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