Article: China: GreenHunter Energy Announces Sale of Equity Ownership Interest in Chinese Wind Turbine Manufacturer for $9.1 Million.

Byline: prashant03

GreenHunter Energy, Inc., announced today the execution and closing of a Share Purchase Agreement for the sale of GreenHunter s equity ownership interest in Guangdong MingYang Wind Power Technology Co., Ltd. ( MingYang ), a manufacturer of industrial scale wind turbines located in the People s Republic of China. GreenHunter acquired a minority equity ownership interest in MingYang in late 2007.

Pursuant to the terms of the Share Purchase Agreement, GreenHunter Energy, Inc. has transferred 100% of its ownership interest in Guangdong MingYang Wind Power Technology Co., Ltd. to DT Capital China Growth Fund L.P. for a cash payment of ...

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