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May 11, 2018, 08:54:08 AM |
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The second largest manufacturer of mining equipment in China Canaan Creative plans to place its shares on the Hong Kong stock exchange.
During the IPO, the company intends to attract up to $1 billion, writes the Chinese edition of the South China Morning Post. The company considered the possibility of listing on the Chinese and American exchanges since 2016, but in China the attempt was unsuccessful, and it was decided to abandon the placement in the United States. As a result, the choice of Canaan Creative stopped at the Hong Kong stock exchange, for which the IPO representative of this industry will be the first in history.
The company was founded in 2013 in Hangzhou city of East Zhejiang province. The main brand Canaan Creative-Avalon, under this brand produces a variety of equipment for mining. The main office of the company is located in Beijing, the number of employees is about 100 people.
In January 2018, it was announced that the net annual income of Canaan Creative for 2017 amounted to about 410 million yuan ($64 million), showing an increase of 600% compared to 2016. In the future, the company plans to expand the scope of activities and also engage in the production of software.
Source coinfox.ru
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