Hytera Goes Public on Shenzhen Stock Exchange in China
On
May 27, Hytera successfully completed its initial public offering
(IPO) on the Shenzhen Stock Exchange of China. 70 million shares, out
of 278 million shares' total capital, were traded publicly with an
initial price of CNY19.90 (USD 3.06) per share to total gross proceeds
of CNY1,393 million (USD 214.2 million), bringing Hytera to a market
value of CNY 5,532 million (USD 851 million).
The
capital collected from IPO is preliminarily going to the research of
digital technologies (TETRA, DMR & PDT standards), extension of the
current digital portfolios (TETRA, DMR & PDT standards) , and
expansion of global marketing & service network to enhance Hytera's
competitiveness & better satisfy customers' demands worldwide.
The
public listing of Hytera created a stir among both investors and
customers. As one of the few PMR manufacturers listed on the stock
market, this move is very significant for Hytera to further enhance our
R&D capability, strengthen our sales and service network and
reinforce the core competitiveness.
Backed
up by leading technologies and uncompromising reliability, Hytera will
take this great opportunity to forward its way to become one of the
most valuable provider of professional wireless communications and
bring our customers unlimited communication.
Bron http://radioresourcemag.com/newsArticle.cfm?news_id=7116
