Star-net to Raise RMB 360 Mln in IPO
China Securities Journal, 4/09/10
Today, Fujian-based telecom equipment manufacturer Star-net Communication published a prospectus to list on the Shenzhen Stock Exchange under the ticker 002396. The company plans to raise funds through the issue of no more than 44 mln A-shares, representing no more than 25.07% of the company's total capitalization after the issuance. GF Securities will serve as guarantor and underwriter. The share price will be set on April 15; on April 19, shares will be issued for online subscription, and payment will be accepted for offline subscriptions.
Star-net is a network communications system and terminal equipment vendor primarily serving information infrastructure clients in the finance, education, medical and telecommunications sectors.
Star-net plans to raise a total of RMB 359.89 mln for three projects: building a production base for manufacturing network, communications and terminal products; industrializing fixed-line payment terminal and systems production; and developing and producing digital multimedia broadcasting systems and other terminal products.
Keywords: Star-net 002396.SZ IPO telecom telecom equipment Shenzhen Stock Exchange bourse A-share
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