China Ming Yang Wind Power (MY) Reports Q3 EPS of RMB0.58
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China Ming Yang Wind Power (MY) Forms Special Committee to Evaluate Takeover Proposal
November 17, 2015 6:58 AM ESTChina Ming Yang Wind Power (NYSE: MY) announced that its Board of Directors (the "Board") has formed a special committee of independent directors (the "Special Committee") to evaluate the preliminary non-binding proposal letter dated November 2, 2015 from its Chairman and Chief Executive Officer, Mr. Chuanwei Zhang, to acquire... More
As China firms walk out on Wall St., spurned investors demand payback
November 15, 2015 4:14 PM ESTBy Elzio Barreto
HONG KONG (Reuters) - Chinese firms listed in New York are finding out the hard way that it's easier to love global investors than leave them.
As dozens plan buyouts and a return home in search of higher valuations, companies that were once Wall Street's darlings for the first time face the wrath of minority shareholders. Asset managers are publicly demanding better premiums, reflecting historical valuations and not 2015's slide.
In deals collectively worth $40 billion, some 33 mainland China companies have unveiled plans this year to be taken private and delisted from the Unites... More
