Bank of America Corporation (NYSE: BAC) may help Mingyang Electric to get $ 500 million

Mingyang Electric will hold in the U.S. IPO volume of up to $ 500 million

In brief: Bank of America Corporation (NYSE: BAC) is preparing to make the Chinese company.

Bank of America Corporation (NYSE: BAC) is planning to Chinese companies. Mingyang Electric, one of the five largest suppliers of air turbines in China, plans to raise up to $ 500 million in the placement of treasury shares at the United States in September this year.

Above the holding Listing operate banks Bank of America, Credit Suisse Group AG and Morgan Stanley. China is the world’s largest market for wind turbines, and domestic manufacturers of equipment, such as Mingyang, provide 80% of deliveries. China has established more than 13 gigawatts of generating capacity for wind power last year.

Anrey Torbinski
2010-08-02 11:53, Economics.

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