Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of China Ming Yang Wind Power Group Limited (NYSE: MY) acted responsibly on behalf of investors’ profitability in the proposed sale to its Chairman and Chief Executive Officer Mr. Chuanwei Zhang.
On November 1, 2015, China Ming Yang Wind Power Group Limited (NYSE: MY) announced that its Board of Directors has received a preliminary non-binding proposal letter from its Chairman and Chief Executive Officer, Mr. Chuanwei Zhang to acquire all of the outstanding ordinary shares of China Ming Yang Wind Power Group Limited for $2.51 per share. Chairman and Chief Executive Officer Mr. Chuanwei Zhang currently owns approximately 33% of China Ming Yang Wind Power Group Limited outstanding shares.
Based in Zhongshan, China, and founded in 2006 China Ming Yang Wind Power Group Limited designs, manufactures, sells, and services megawatt-class wind turbines in China.
The investigation focuses on whether NYSE: MY investors received the highest price and whether the directors of China Ming Yang Wind Power Group Limited acted in the best interest of China Ming Yang Wind Power Group Limited company and its shareholders.
If you purchased China Ming Yang Wind Power Group Limited (MY) prior to November 1, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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