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Sinovel Wind Group Co Ltd (601558.SS)

601558.SS on Shanghai Stock Exchange

1.15CNY
11 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Sinovel Wind's Controlling Shareholder To Buy 10-100 Million Shares In The Company
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Sinovel Wind Group Co Ltd <601558.SS>::SAYS CONTROLLING SHAREHOLDER PLANS TO BUY 10-100 MILLION A-SHARES IN THE COMPANY WITHIN SIX MONTHS.  Full Article

Sinovel Wind Group's Controlling Shareholder Plans To Unload Stake In The Company
Monday, 30 Jul 2018 

July 30 (Reuters) - Sinovel Wind Group Co Ltd <601558.SS>::SAYS CONTROLLING SHAREHOLDER PLANS TO UNLOAD STAKE IN THE COMPANY.  Full Article

Sinovel Wind Expects Profits To Rise After Implementing Agreement To Resolve U.S. Case With AMSC, Other US-Based Firms
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Sinovel Wind Group Co Ltd <601558.SS>::SAYS IT EXPECTS PROFITS TO INCREASE AFTER IMPLEMENTING AGREEMENT TO RESOLVE ITS U.S. TRADE SECRETS THEFT CASE WITH AMSC AND OTHER U.S.-BASED FIRMS LUMUS CONSTRUCTION INC, FAIRHAVEN WIND LLC, SCITUATE WIND LLC.  Full Article

American Semiconductor Announces Settlement With Sinovel Wind Group
Wednesday, 4 Jul 2018 

July 3 (Reuters) - American Superconductor Corp ::AMSC ANNOUNCES SETTLEMENT WITH SINOVEL WIND GROUP.AMERICAN SUPERCONDUCTOR - AMSC AND SINOVEL WIND GROUP CO ENTERED SETTLEMENT AGREEMENT TO RESOLVE ALL EXISTING COMMERCIAL DISPUTES BETWEEN PARTIES.AMERICAN SUPERCONDUCTOR - SINOVEL HAS AGREED TO PAY AMSC AN AGGREGATE CASH AMOUNT IN RMB EQUIVALENT TO $57.5 MILLION, CONSISTING OF TWO INSTALLMENTS.AMSC AND UNIT AMSC AUSTRIA GMBH GRANTED SINOVEL NON-EXCLUSIVE LICENSE FOR CERTAIN AMSC INTELLECTUAL PROPERTY.AMSC AND SINOVEL HAVE ALSO AGREED TO SUBMIT WITHDRAWAL APPLICATIONS TO TERMINATE VARIOUS LEGAL PROCEEDINGS BETWEEN THEM.AMERICAN SUPERCONDUCTOR- CO AND SINOVEL AGREED TO MUTUAL RELEASE COVERING ALL MATTERS OF COMMERCIAL DISPUTES, EFFECTIVE UPON COMPLETION OF SECOND PAYMENT.  Full Article

Guangdong Dynavolt Renewable Energy Technology to sell entire stake in electric power development firm for 50 mln yuan
Monday, 21 May 2018 

May 21(Reuters) - Guangdong Dynavolt Renewable Energy Technology Co Ltd <002684.SZ>:Says it plans to sell entire 30 percent stake in a Hebei-based electric power development firm to a wind power generation company, which is a wholly owned unit of Sinovel Wind Group Co Ltd <<<601558.SS>>>, for 50 million yuan .  Full Article

Sinovel Wind's Unit Plans To Buy 80 Percent Stake In Power Firm For 115 Million Yuan
Friday, 18 May 2018 

May 18 (Reuters) - Sinovel Wind Group Co Ltd <601558.SS>::SAYS UNIT PLANS TO BUY 80 PERCENT STAKE IN POWER FIRM FOR 115 MILLION YUAN ($18.03 million).  Full Article

Sinovel Wind's Major Shareholder Has Unloaded Stake In The Company
Monday, 12 Mar 2018 

March 12 (Reuters) - Sinovel Wind Group Co Ltd <601558.SS>::SAYS ONE MAJOR SHAREHOLDER HAS UNLOADED A COMBINED 4.85 PERCENT STAKE IN THE COMPANY BETWEEN FEB 23, 2017 AND MARCH 12, 2018.SAYS THE SHAREHOLDER HAS 4.99 PERCENT STAKE IN THE COMPANY FROM 9.85 PERCENT AFTER TRANSACTIONS.  Full Article

Sinovel Wind Group to buy 70 pct stake in electricity distribution firm
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Sinovel Wind Group Co Ltd <601558.SS> ::Says it plans to buy 70 percent stake in a Beijing-based electricity distribution company from an individual .  Full Article

Sinovel Wind Receives Queries From Shanghai Stock Exchange Related To U.S. Case
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Sinovel Wind Group Co Ltd <601558.SS>::SAYS IT RECEIVES QUERIES FROM SHANGHAI STOCK EXCHANGE AFTER MEDIA REPORTS SAY IT FACES $4.8 BILLION FINE IN LAWSUIT BROUGHT UP BY U.S. DEPARTMENT OF JUSTICE.SAYS SHARE TRADE REMAINS SUSPENDED.  Full Article

Sinovel Wind returns to net profit of 367.1 mln yuan in Jan-Sept
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Sinovel Wind Group Co Ltd <601558.SS>:Says it returns to net profit of 367.1 million yuan ($55.20 million) in Jan-Sept versus net loss of 660.7 million yuan year ago.  Full Article

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Breakingviews - Wilbur Ross finally picks right fight with China

HONG KONG (Reuters Breakingviews) - U.S. Secretary of Commerce Wilbur Ross has picked the right fight with China at last. His department has put a provincial, government-backed chipmaker under an embargo similar to that which battered telecoms giant ZTE. Fujian Jinhua has been accused of IP theft by $39 billion Micron Technology. This retaliation presumes guilt. Even so, targeting small, wayward firms is smarter than blanket tariffs.