Ming Yang Smart Energy (SHA:601615) plans to apply for and issue a hold-to-maturity real estate asset-backed special plan backed by its Ningtiaoliang Wind Farm in China's Shaanxi province.
The plan, to be listed on the Shanghai bourse, aims to revitalize existing assets and enhance investment in wind power infrastructure, according to a Friday filing with the Shanghai bourse.
The issuance size will depend on asset valuation.
Shares of the wind turbine manufacturer closed 10% higher Friday.
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