China

China

Wind Wire: Potential listing

Chinese wind turbine manufacturer Sinovel is considering listing on the stock market through an initial public offering, says the company's vice president, Tao Gang, although he refuses to say when and on which stock market.

However, he denies rumours that it is planning a backdoor listing with Dalian Huarui Heavy Industry Steel Casting Joint-Stock - the two companies are subsidiaries of Dalian Huarui Heavy Industry Group. Meantime, with Sinovel striving to edge into the world market next year, Tao says it has made field inspections in North America and Europe. The company's main domestic competitors, Goldwind and Dongfang Electric, are already listed.

 

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