China Ming Yang Wind Power Group Limited (MY) - NYSE
  • Mon, Jun. 6, 7:39 AM
    • At Ming Yang's (NYSE:MY) extraordinary general meeting today, company shareholders voted in favor of a previously announced offer to go private.
    • The parties currently expect to complete the deal as soon as practicable, upon which Ming Yang's ADRs will no longer be listed on the NYSE.
    | Mon, Jun. 6, 7:39 AM
  • Mon, Apr. 18, 8:43 AM
    • Profit for the period of RMB77.5M, or RMB0.46 ($0.07) per diluted share vs. RMB84M in the same quarter a year ago.
    • Total wind turbine generators for which revenue was recognized amounted to an equivalent wind power project output of 626.5MW, compared to 638MW a year ago.
    • New sales contracts for wind power projects totaled an output of 642MW. Order backlog of 3.7GW as of December 31, 2015.
    • As previously announced the company's board received a preliminary non-binding proposal letter, dated November 2, 2015, from CEO Chuanwei Zhang, to acquire all of the outstanding ordinary shares not already beneficially owned by him in a "going-private" transaction for $2.51 per ADS.
    • Q4 results
    | Mon, Apr. 18, 8:43 AM | 1 Comment
  • Mon, Apr. 18, 7:41 AM
    • China Ming Yang Wind Power (NYSE:MY): Q4 EPS of $0.07
    • Revenue of $333.5M
    • Press Release
    | Mon, Apr. 18, 7:41 AM | 2 Comments
  • Wed, Feb. 3, 9:19 AM
    | Wed, Feb. 3, 9:19 AM
  • Wed, Feb. 3, 9:15 AM
    • Ming Yang Wind Power (NYSE:MY) +14.8% premarket after agreeing to be taken private for ~$408M by a group of investors including CEO Zhang Chuanwei.
    • MY says the group will pay $2.51/ADS for stock it does not already own, which represents a 24% premium to Tuesday’s close of $2.03.
    | Wed, Feb. 3, 9:15 AM | 4 Comments
  • Dec. 3, 2015, 7:55 AM
    • Ming Yang's (NYSE:MY) special committee has retained Duff & Phelps as its independent financial advisor and Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel in connection with the preliminary non-binding proposal from CEO Chuanwei Zhang.
    • The company cautions its shareholders and others considering trading its securities that neither the board nor the special committee has made any decisions with respect to the proposal.
    • Previously: Ming Yang makes committee to evaluate 'going private' offer (Nov. 17 2015)
    • Previously: Ming Yang receives 'going private' offer (Nov. 02 2015)
    | Dec. 3, 2015, 7:55 AM | 1 Comment
  • Nov. 17, 2015, 8:05 AM
    • Ming Yang's (NYSE:MY) Board has formed a special committee of independent directors to evaluate the preliminary non-binding proposal from CEO Chuanwei Zhang to acquire all of the company's outstanding shares.
    • The company cautions shareholders that the Board and Special Committee have not yet made a decision, and do not undertake any obligation to provide updates with respect to a potential transaction (except as required under law).
    • MY +2.8% premarket
    • Previously: Ming Yang receives 'going private' offer (Nov. 02 2015)
    | Nov. 17, 2015, 8:05 AM
  • Nov. 17, 2015, 7:54 AM
    • Profit for the period of RMB91.5M, or RMB0.59 ($0.09) per diluted share vs. RMB71.5M, or RMB0.57 per share ($0.08) in the same quarter a year ago.
    • Total wind turbine generators commissioned increased to an equivalent wind power project output of 530MW from 524.5MW a year ago.
    • New sales contracts for wind power projects totaled an output of 434MW. Order backlog of 3.99GW as of September 30, 2015.
    • The company expects Q4 revenue to be in a range of RMB2.0B-RMB2.2B and net profit to be in a range of RMB95M-RMB115M.
    • MY +2.8% premarket
    • Q3 results
    | Nov. 17, 2015, 7:54 AM
  • Nov. 17, 2015, 6:04 AM
    • China Ming Yang Wind Power (NYSE:MY): Q3 EPS of $0.09
    • Revenue of $273.58M
    | Nov. 17, 2015, 6:04 AM
  • Nov. 2, 2015, 9:43 AM
    • China Ming Yang Wind Power (MY -3.6%) has received a preliminary non-binding proposal from its CEO Chuanwei Zhang to acquire all outstanding ordinary shares of the company in a "going-private" transaction for $2.51 per ADS in cash.
    • According to the proposal, Zhang intends to finance the transaction with a combination of debt and equity capital.
    • Zhang currently owns approximately 33% of the issued and outstanding ordinary shares of the company.
    | Nov. 2, 2015, 9:43 AM | 15 Comments
  • Aug. 18, 2015, 8:50 AM
    • Profit for the period of RMB68M, or RMB0.50 ($0.08) per diluted share vs. RMB11.7M, or RMB0.49 per share ($0.08) in the same quarter a year ago.
    • Total wind turbine generators commissioned increased to an equivalent wind power project output of 470MW from 303MW a year ago.
    • New sales contracts for wind power projects totaled an output of 647.5MW.
    • Order backlog of 3.73GW as of June 30, 2015.
    • The company expects Q3 revenue to be in a range of RMB2.1B-RMB2.3B and net profit to be in a range of RMB95M-RMB100M.
    • Q2 results
    | Aug. 18, 2015, 8:50 AM | 7 Comments
  • Aug. 18, 2015, 8:12 AM
    • China Ming Yang Wind Power (NYSE:MY): Q2 EPS of $0.08
    • Revenue of $252.1M
    | Aug. 18, 2015, 8:12 AM
  • Aug. 6, 2015, 10:46 AM
    • Ming Yang (MY +1.5%) has signed a purchase agreement with a Chinese state-owned enterprise to provide wind turbines to its 49.5 MW project located in Pakistan.
    • The company will deliver 33 units of 1.5 MW wind turbines starting next month.
    | Aug. 6, 2015, 10:46 AM
  • May 27, 2015, 12:47 PM
    | May 27, 2015, 12:47 PM | 1 Comment
  • May 27, 2015, 8:38 AM
    • Total comprehensive income of RMB43M ($6.9M), or RMB0.33 ($0.05) per diluted share vs.  RMB185.8M, or RMB1.51 per share in Q1 2014.
    • Total wind turbine generators commissioned for which revenue was recognized increased 5.2%% to an equivalent wind power project output of 406MW from 386MW in the same quarter a year ago.
    • New sales contracts for wind power projects totaled an output of 264MW.
    • Order backlog of 3.55GW as of March 31, 2015.
    • The company expects Q2 revenue to be in a range of RMB1.4B-RMB1.6B and net profit to be in a range of RMB50M-RMB55M.
    • Q1 results
    | May 27, 2015, 8:38 AM
  • May 27, 2015, 7:57 AM
    • China Ming Yang Wind Power (NYSE:MY): Q1 EPS of RMB0.33
    • Revenue of RMB1.33B (+9.0% Y/Y)
    | May 27, 2015, 7:57 AM
Company Description
China Ming Yang Wind Power Group Ltd. is engaged in the production, sales, and servicing of wind turbines. Its operations are carried through the manufacturing and sales of wind turbines in China and India. The company was founded by Chuan Wei Zhang on June 2, 2006 and is headquartered in... More
Industry: Diversified Machinery
Country: United States