Hanvon to List in Shenzhen Next Week

Netease Tech, 2/03/10

According to company listing information from the Shenzhen Stock Exchange, Chinese e-reader and handwriting input technology maker Hanvon will officially accept share purchase applications online starting next Tuesday, and will announce winning bids on February 12. Hanvon will officially list on the Shenzhen Stock Exchange's Small and Medium Enterprise Board around the time of the Chinese New Year holiday (February 13), under the ticker code 002362.

Hanvon had sales revenues of RMB 571 mln in 2009. Sales of e-readers, Hanvon's main product, accounted for RMB 390 mln.

After Hanvon issues 27 mln shares of circulating stock, chairman Liu Yingjian will remain the company's largest shareholder, with his stake falling from a current 30% to 22.43%. Liu's wife, Xu Dongqing, will hold 14.02%, meaning that the couple will remain in control of the company.

Keywords: 002362.SZ Xu Dongqing Liu Yingjian hardware Hanvon Shenzhen Stock Exchange e-book IPO bourse revenue

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