Africa phone king is China’s tech star in waiting, says mak_robyn:
Chinese handset maker Shenzhen Transsion Holdings on March 29 filed for an initial public offering on the new Shanghai Science & Technology Innovation Board.
Transsion is planning to raise 3 billion yuan , according to a stock exchange filing. The company is the world's fourth largest maker of mobile phones, including both feature and smartphones, data from research firm IDC cited in the prospectus shows. Transsion's three brands, Tecno, Infinix and Itel, combined had a leading 48.7 percent market share in Africa last year.As of April 15, there were 72 companies waiting for approvals from the Shanghai Stock Exchange to list on the new board.
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