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Yingli Green Energy to make US IPO

(China Daily)
Updated: 2007-05-24 08:58

Yingli Green Energy Holding Co, a Chinese maker of photovoltaic products for solar power, and its controlling shareholder may raise as much as $377 million in a US initial public offering, according to a filing to the US Securities and Exchange Commission yesterday. Yingli and CEO Miao Liansheng are selling 29 million American depositary receipts, or a 22.8 percent stake, at $11 to $13 apiece.


(For more biz stories, please visit Industry Updates)



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