Sinovel to divest overseas units

Sinovel Wind Group Co, China's third-biggest maker of wind turbines, will divest four foreign units, including in the United States, where the company and two senior executives have been indicted on charges of stealing trade secrets.

Sinovel disclosed the termination of the overseas branches in a statement filed on Monday with the Shanghai Stock Exchange, saying its seven-member board of directors had approved the plan.

Besides the US, the locations are in Canada, Belgium and Italy. The company provided no further details.