centron-telecom-aims-for-108-million-ipo

Centron Telecom aims for $108 million IPO

The provider of wireless coverage solutions hopes to lure investors with hefty 2G demand and the upcoming launch of 3G in China.
Centron Telecom, one of the top three wireless coverage solution providers in China in terms of revenue, kicks off the roadshow today for its initial public offering which aims to raise up to HK$844.9 million $108 million.

Wireless coverage solutions refers to solutions that help extend the reach of wireless networks to areas with weak or no coverage, such as high-rise buildings, highways, railways and tunnels. The company also helps to ensure that mobile phones work in remote regions and in complicated topographical areas like mountains, coastlines and grasslands.

Centron is offering 238 million shares, or 34% of its enlarged share capital, at a price ranging from HK$2.96 to HK$3.55. Of...
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