Shenzhen Handset Distributor Aisidi to IPO Tomorrow
Sina Tech, 5/27/10
Shenzhen-based handset distributor Aisidi Industry announced in a public filing on the evening of May 26 that it will list publicly on May 28 with an offering of 40 mln shares at RMB 45 per share, to raise a total of RMB 1.8 bln.
According to figures from Aisidi, the company had net profits of RMB 225.22 mln for Q1 2010, up 71.19% YoY from Q1 2009's RMB 131.56 mln. The filing said that Aisidi has increased partnerships with operators in response to sales growth spurred by growing demand for 3G products.
Editor's Note: The company will list on the Shenzhen Stock Exchange under the ticker 002416.
Keywords: 002416.SZ handset IPO wireless Aisidi Shenzhen Stock Exchange bourse profit reseller
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