Sunday, June 30, 2013

Sinovel Wind Group facing lawsuit from investors

By Wang Xinyuan

Sinovel Wind Group, China's largest wind turbine maker in terms of market share, is to be charged with financial fraud by some of its investors, a lawyer in charge of the case told the Global Times Sunday.

"We have received about 50 individual investors' requests for the lawsuit," Li Jian, a senior partner at Zhejiang Yufeng Law Firm, told the Global Times.

The investors bought shares in Sinovel but suffered losses due to the company's fudging of its accounts, Li said.

Continue...[Global Times]

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