Sunsea to IPO in Shenzhen Tomorrow

Caixun, 12/02/09

Shenzhen-based Sunsea Telecommunications will list on the Shenzhen Stock Exchange on December 3, under the ticker symbol 002313.SZ, at which time 20 mln shares will initially be made available in a fixed-price online offering, in addition to an offline offering of 5 mln shares.

The total 25 mln shares offered through the IPO will increase Sunsea's share capital to a total of 100 mln shares, raising RMB 620 mln for the company.

Editor's Note: Sunsea Telecommunications is a physical network connection equipment supplier, and specializes in providing telecommunications operators, primary equipment manufacturers, and network integrators with network connection, distribution, and protection products and integrated solutions.

The company will invest the funds raised during this IPO for five projects aimed at transforming the technology used in mobile telecommunications control rooms.

Keywords: 002313.SZ wireless IPO telecom Shenzhen Stock Exchange Sunsea bourse mobile network equipment

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily