On July 13, Mingyang Smart Energy was admitted to trading on the Shanghai segment of the London Stock Exchange (LSE) through an offering of the Global Depositary Receipts (GDRs).
The proceeds from the offering will be used to expand Mingyang’s overseas business and to scale up the production of renewable energy infrastructure. Mingyang has also qualified for the LSE’s Green Economy Mark, which is given to London-listed companies and funds that generate at least 50% of annual revenues from green economy-related products and services.