Telecom Software Provider Tianyuan DIC to IPO
China Business News, 12/10/09
Shenzhen Tianyuan DIC Information Technology's IPO has successfully passed review, and the company will issue 27 mln shares on Shenzhen's growth enterprise board. After the stock offering, the company will have a total of 104.6 mln shares, and will have raised RMB 260 mln in capital.
The company's stock prospectus said that last year Tianyuan DIC earned RMB 41.96 mln in profit on RMB 219 mln in revenue, and from January to September this year, had earned RMB 39.76 mln in profit on RMB 185 mln in revenue.
Tianyuan DIC was founded in 1993. It originally provided basic operational software and integrated application software to public security and customs departments, but in 1995, began entering the telecommunications industry. Tianyuan DIC is one of China Telecom's (NYSE: CHA; 0728.HK) five core partners. Tianyuan DIC was one of the seven companies that China Unicom (NYSE: CHU; 0762.HK; 600050.SH) tested for provision of real-time online billing, and is one of the five companies taking part in China Unicom's next generation Business Operations Support System (BOSS).
Keywords: Tianyuan DIC bourse Shenzhen Stock Exchange China Telecom China Unicom IPO profit revenue wireless telecom software BOSS 0728.HK 0762.HK 600050.SH CHA CHU GEB
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