IPO to fund international expansion according to Reuters.
Chinese computer maker Tsinghua Tongfang Co Ltd said on Monday (2011-01-24) that it planned to list its subsidiary Technovator in Hong Kong in the second half of 2011 to fund its international expansion.The planned listing would enable Technovator, which makes building automation systems, to further consolidate global resources through direct financing or mergers and acquisitions, using Hong Kong as a platform for capital raising, Tsinghua Tongfang said in a statement to the Shanghai Stock Exchange.
No comments:
Post a Comment