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African phonemaker Transsion plans IPO in Shanghai

Thursday 8 August 2019 | 12:12 CET | News

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Chinese mobile-phone maker Transsion, which operates under the Tecno brand, said it has received approval to go public on Shanghai's new STAR Market, TechCrunch reported. The company could raise up to CNY 3 billion. A spokesperson for Transsion's Office of the Secretary to the Chairman told TechCrunch that its listing-related work is running smoothly. The registration application and issuance process is still underway, with the specific timetable yet to be confirmed by the CSRC and Shanghai Stock Exchange. 

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Categories: Mobile & Wireless
Countries: Africa / China
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