News Column

Cogobuy to List in HK

July 8, 2014

BEIJING, July 8, SinoCast -- Cogobuy Group, the largest transaction-based e-commerce platform for IC and other electronic components in China, intended to issue 342.8 million shares at CNY 3.2 a share to CNY 4.48 a share via an IPO in Hong Kong, including 90% for international investors and 10% for local retail investors in Hong Kong, according to its prospectus.

The raised capital will be mainly used to promote the venture capital platform, develop new mobile terminals, upgrade equipment, conduct potential mergers and acquisitions, etc.

In 2013, the company completed order-based turnover of CNY 3.9 billion and annual turnover hit CNY 2.39 billion in the year.

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Source: Sinocast Computers & Electronics Beat (China)

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