China’s Sinovel to Divest Overseas Units After U.S. Indictment
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Sinovel Wind Group Co., China’s third-biggest wind-turbine maker, agreed to divest four units abroad after it was charged with stealing trade secrets from its former U.S. supplier.
The units are in the U.S., Belgium, Italy and Canada, Sinovel said today in a filing to the Shanghai stock exchange, without giving more details. Wang Wen, a Beijing-based spokeswoman at Sinovel, declined to comment.