Qiangsheng Optic Electronic Planning Overseas Listing
Nantong Qiangsheng Optic Electronic Technology Co., Ltd plans to list on Nasdaq in the second half of 2008, reports Shanghai Securities News quoting Qiangsheng president Sha Xiaolin. Sha said that the company has signed letters of intent with investment banks regarding investment. The company plans to issue no more than 100 million shares to raise US$200 million in its public offering. Qiangsheng will spend funding setting up its second and third production lines. The company plans to increase the number of production lines to 20 within three years after an IPO. Qiangsheng is an amorphous silicon thin film battery manufacturer.
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