Vtion Wireless to list in Frankfurt on Oct 1
Published: 29 Sep 2009 21:30:01 PSTSep. 30, 2009 (China Knowledge) - Viton Wireless Technology AG, China's leading wireless data card provider, is scheduled to list on the Frankfurt Stock Exchange tomorrow, and will be the first company to list on the more strictly regulated Prime Standard Segment in over a year, sources reported. The company said it plans to issue up to 4.5 million shares, but did not give any further details on the share offering. The proceeds will be used to fund expansion and repay a shareholders' loan of US$5.4 million, said Vtion in a prospectus published earlier this month. Reportedly, private bank Sal. Oppenheim will be the global coordinator for the deal, while Macquarie Capital will be the co-manager. Vtion Wireless planned to list in Frankfurt in 2007, but the plan was shelved due to poor market conditions. Copyright © 2009 www.chinaknowledge.com |
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