波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒

Xi'an Haitian Antenna Technologies, China's leading manufacturer of base-station antennas, announced yesterday that it would raise at least HK$62 million (US$7.9 million) from a listing on Hong Kong's Growth Enterprise Market (GEM).

It is offering 162 million H shares to be priced between HK$1.15 (US$0.147) and HK$0.55 (US$0.07) apiece, said the firm based in Northwest China.

The price range represents 10.4-21.7 times 2002 earnings of HK$34 million (US$4.4 million).

According to the proposed structure of share placing, the firm will offer 147 million new H shares and 15 million sale H shares.

Listing is expected on November 5, with the stock code of 8227.

Haitian Antenna plans to use the proceeds mainly on research and development.

The firm, whose clients include China Mobile and China Unicom, is working on an intelligent antenna system for the third-generation mobile system.

And it's seeking a strategic partnership with foreign mobile-communication firms, said Chairman Xiao Liangyong.

Haitian Antenna aims to allocate more resources to increase production capacity and move into a number of new markets, said Xiao.

"Mobile communication is one of the fastest growing sectors in China's communication industry, and Xi'an Haitian Antenna Technologies will be able to capitalize on market opportunities by capturing a larger market share with proactive marketing strategies and alliances with renowned suppliers and operators," he said.

The company's turnover saw a year-on-year increase of 119.64 per cent in 2002 to 165 million yuan (US$20 million).

Close

Today's Top News		Top Business News
+Gov't owes building companies 90b yuan ( 2003-10-28) +Comment: Chen's new tricks, but same old story ( 2003-10-28) +Twin-city bond to benefit nation ( 2003-10-28) +Wave of bombings kills dozens in Baghdad ( 2003-10-28) +Balanced development to be enhanced ( 2003-10-28)		+Key EU official in HK sizes up future ( 2003-10-28) +Haitian Antenna in GEM list bid ( 2003-10-28) +CNOOC's Australian stake buy set for 2004 ( 2003-10-28) +Tight supply to push up grain prices ( 2003-10-28) +Pilot-training products set to soar ( 2003-10-28)