Current Location:Home > News > Latest Insights
Enthusiastic Response Towards Fuyao Glass Hong Kong IPO
2015-03-31

Mr. Cao Dewang, Chairman of Fuyao Group and Mr. Cao Hui, CEO of Fuyao Group striking the Gong for IPO.


Fuyao Glass launched its initial public offerings at 9:00 a.m. (Tuesday), 3/31/2015. The H shares was officially quoted at SEHK (Stock Exchange Hong Kong) incorporated with the stock code of 3606.

The chairman of Fuyao Group, Mr. Cao Dewang spoke joyfully. “The successful public offering is a crucial milestone for the whole company,” he said, “I hereby, representing Fuyao Glass, want to sincerely thank all our investors for their support and recognition. As the top automotive glass supplier in China we feel honored, but also feel the responsibilities falling upon us. The successful H-share IPO signifies that our company is standing behind a whole new starting line and our enterprise is entering a high-speed growing phase. From now on we will keep working hard and improve our ROE even further to benefit our shareholders the most! “       

Mr. Cao Dewang stated that the company will keep focusing on its current primary business, which is the development and production of automotive glass products. Their target is to stabilize its advantage in the automotive glass industry in China, and to become the most competitive professional auto-glass supplier of the world, renowned for its product quality and creativity level. The company will implement the following strategies to achieve its goal: further exploit Chinese auto-glass market, expand and develop oversea markets in a steady pace, enrich its product structure, increase the added value of its products, keep enhancing business efficiency, improve R& D ability.

Under the initial market price of 16. 80 HKD per share. After deducting the commission for the IPO underwriters (including any extra bonus for underwriters) and projected cost (before over-allotment option), the estimated net proceeds of this IPO is 7059.8 Million HKD (About 5569.2 Million RMB)

The sum of money will be primarily used for the auto-glass plant project in Ohio, USA, as well as the phase II construction of a float glass plant and an auto-glass plant in Kaluga, Russia.

 



Please fill out the subscription information
  • Content:

    News

    Video

    Readings

亚虎娱乐,信誉保障的娱乐平台, 必赢亚洲注册,信誉保障的娱乐平台 必赢亚洲娱乐平台_信誉保障的娱乐平台 申博娱乐平台,申博娱乐注册,申博娱乐
必赢亚洲bwin_信誉保障的娱乐平台 利来娱乐网址,利来娱乐注册,利来娱乐 漫赢娱乐,全新的老虎机平台 申博娱乐平台,申博娱乐注册,申博娱乐
tt娱乐网址|tt娱乐APP|tt娱乐 皇冠娱乐平台,皇冠娱乐网址,皇冠娱乐 利来娱乐网_利来娱乐平台_利来娱乐 皇冠娱乐注册,皇冠娱乐平台,皇冠娱乐
漫赢娱乐官网|全新的老虎机平台 优博娱乐官网|优博娱乐平台|优博娱乐 申博娱乐平台,申博娱乐注册,申博娱乐 必赢亚洲注册,信誉保障的娱乐平台
亚虎娱乐网|亚虎娱乐手机登录|亚虎娱乐 漫赢娱乐平台,全新的老虎机平台 申博娱乐注册,申博娱乐网,申博娱乐 优博娱乐网址,优博娱乐手机版,优博娱乐