ZHONGSHAN, China, Nov. 1, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (MY), a leading wind energy solution provider in China, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter, dated November 2, 2015, from its Chairman and Chief Executive Officer, Mr. Chuanwei Zhang ("Mr. Zhang"), to acquire all of the outstanding ordinary shares of the Company not already beneficially owned by Mr. Zhang in a "going-private" transaction (the "Transaction") for US$ 2.51 per American Depository Share or ordinary share in cash. Mr. Zhang currently beneficially owns approximately 33% of the issued and outstanding ordinary shares of the Company.