Dingli Communications to IPO on ChiNext

Southern Metropolitan News, 12/16/09

Zhuhai-based wireless network testing equipment provider Dingli Communications Corporation Limited's application to list on China's ChiNext growth enterprise board has been approved by the China Securities Regulatory Commission's growth enterprise board IPO review committee, clearing the way for the company's IPO.

From January to September 2009, Dingli's net profits were approximately RMB 78.45 mln, double its full-year 2008 figure. Dingli is planning to offer 14 mln shares, and will raise an estimated RMB 212.58 mln. This money will be invested primarily into projects including technical updates for Dingli's wireless network testing system, a multi-interface analysis and optimization management system, and a mobile telecommunications wireless network operation and management service.

Keywords: bourse Dingli Communications testing and measurement IPO wireless ChiNext profit GEB CSRC

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