Ming Yang to Acquire China Smart Electric Group Limited
05.19.15
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Simpson Thacher is representing China Ming Yang Wind Power Group Limited (“Ming Yang”) (NYSE: MY) in connection with its definitive agreements to acquire 100% of the issued and outstanding share capital of China Smart Electric Group Limited (“China Smart”) from a group of sellers in exchange for a combination of cash and newly issued shares in Ming Yang totaling approximately $149 million in value. Through its subsidiaries, China Smart conducts the business of manufacturing electrical system equipment for wind turbine generators.
Ming Yang is a leading wind energy solution provider in China with its American depositary shares listed for trading on the New York Stock Exchange.
The Simpson Thacher team for the transaction included Leiming Chen and Melissa Koh (Corporate – Hong Kong).